Airbus slams US Inflation Reduction Act for challenging European aerospace firms By Reuters

WASHINGTON (Reuters) – The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts.

Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing field” between U.S. and European companies by providing subsidies that could draw business into the United States.

During a speech at the Aero Club in Washington, Faury said it was “absolutely essential” that fair competition be maintained.