The World Trade Organization has issued a long-awaited, but confidential, ruling in a dispute brought by Boeing Inc. over legality of billions of dollars of European Union subsidies given to French aircraft manufacturer Airbus SAS, reportedly finding that these subsidies, which Airbus received for building new aircraft, otherwise known as launch aid, were anti-competitive and broke trade laws. In the underlying dispute the U.S. has accused the EU of offering Airbus loans at significantly lower interest rates. The EU in turn accused the U.S. of offering Boeing billions of dollars in subsidies. Both the U.S. and the EU have refuted allegations against them.