Canadian aircraft manufacturer Bombardier has won its case over US accusations of unfair government subsidies, safeguarding 4,000 jobs in Northern Ireland.
The US had imposed tariffs amounting to 292% on the Bombardier C-series, which Boeing claimed was receiving unfair state aid from the UK and Canada.
However the US International Trade Commission announced in favour of Bombardier on Friday.
The move came the day after UK prime minister Theresa May raised the issue with US president Donald Trump in a meeting at the World Economic Forum at Davos in Switzerland.
Bombardier’s Northern Ireland factory is worth roughly £400m to the local economy every year, according to trade union Unite.
Bombardier had already teamed up with Airbus to assemble the aircraft in the US, in a bid to circumvent the tariffs.
‘Victory for innovation’
Bombardier said the decision was a “victory for innovation, competition, and the rule of law”.
It added: “The C-Series is the most innovative and efficient new aircraft in a generation.
“Its development and production represent thousands of jobs in the United States, Canada, and the United Kingdom.”
Boeing said it was “disappointed that the International Trade Commission did not recognise the harm that Boeing has suffered from the billions of dollars in illegal government subsidies that the Department of Commerce found Bombardier received and used to dump aircraft in the US small single-aisle airplane market.”
Boeing can appeal the decision to the US Court of International Trade, or the North American Free Trade Association (NAFTA).
Bombardier’s share price rocketed from CAD$3.05 to CAD$3.65 on news of the announcement, while Boeing saw little change, recovering quickly from a slight blip to end the day at $343.17.