PARIS, Sept 23 (AFP) - US aircraft maker Boeing has not received subsidies to finance the developement of its new 7E7 commercial airliner, chief executive Harry Stonecipher said Thrusday, dismissing accusations from European rival EADS.
"All the money for the 7E7 comes out of the Boeing bank account," Stonecipher told a press conference here.
"And that`s why if you look at our financial statements and at our estimates for the next three years you see capital expanditure going up dramaticaly. It`s pretty easy to track," he added.
The European Aeronautic, Defence and Space Company (EADS), which owns 80 percent of the Airbus commercial aircraft maker, has accused of Boeing of receiving public funds for the development of the 7E7 airliner.
Earlier this month EADS co-chief executive Philippe Camus told journalists: "There is apparently a whole range of assistance that has been offered Boeing by a bunch of public -- state -- bodies."
That was in response to accusations from Boeing that Airbus had benefited from subsidies for the launch of its A380 superjumbo aircraft.
According to a study published in December 2003 by researchers at the University of Buffalo, the 7E7 program would benefit from six billion dollars in indirect subsidies.
Stonecipher was speaking during a visit to France over the course of which he spoke with French Transport Minister Gilles de Robien with whom he had a "very amicable conversation".
He said: "I told him ... the 92 (agreement) as it exists today is not operative so we need a new agreement."
The 1992 US-European agreement governs the terms under which the two aircraft makers can receive direct or indirect subsides from their governments for building planes with more than 100 seats.
The United States and European Union failed to strike a new agreement on government support for the Boeing and Airbus at talks in Brussels on September 16.
Boeing would like the current agreement to be scrapped.
Stonecipher said his company could name in the coming days or weeks new French subcontractors in addition to industrial software firm Dassault Systemes, landing gear maker Messier-Dowty, cables group Labinal and aeronautics group Thales.