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The ruling came in a 1,000-page confidential preliminary report from the WTO in what's considered the largest and most complicated trade dispute ever.

"Not only did they rule the subsidies were illegal, they ruled they have caused material harm to Boeing", Dicks said.

While the ruling focused on subsidies for Airbus' superjumbo A380, it also found that aid provided by the Europeans benefited every model the company produced, Dicks said.

Though a final report still has to be issued and an appeal is expected, the U.S. eventually could impose retaliatory tariffs on European goods. While that's considered unlikely, the ruling could crimp Airbus' finances seriously as the world's airlines are expected to order an estimated $3.2 trillion in new planes over the next 20 years.

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