The apparent breakdown of the negotiations regarding aircraft subsidies is of great concern to Boeing. It is our understanding that, despite the persistent efforts by the U.S. government to negotiate in good faith, the two sides have been unable to make progress. The January US-EU agreement to work together to negotiate an end to subsidies was a source of encouragement to Boeing. We are disappointed to learn that the EU is not willing to end them. Boeing remains hopeful that an equitable agreement can be reached, but the company continues to support the U.S. government's resolve to take any necessary steps to bring an end to subsidies.