US trade representative Jamieson Greer said the situation had created significant uncertainty for transatlantic aerospace trade. (EPA Images pic)WASHINGTON: US trade representative Jamieson Greer warned the EU on Monday that a record-breaking loan to Airbu from the European Investment Bank threatens a delicate transatlantic trade truce, including a deal on financing large civil aircraft (LCA) projects.
In a statement, Greer expressed frustration that despite "ongoing requests", his office has received no details about the US$3.4 billion loan made in June from the EIB, the EU's official lending arm.
US planemaker Boeing had asked the US government in July to press for transparency on the loan, which came amid speculation that Airbus would use the funds to develop a new aircraft model.
