Miscellaneous News
- Thread starter bd popeye
- Start date
Boeing Pain From US-China Trade War Seen in Airbus Bonanza
- China is ‘sending a sign’ with deal for planes, analyst says
- Boeing: ‘Geopolitical differences’ are constraining exports
President Xi Jinping visits the Boeing commercial airplane factory in Everett, Washington, in 2015.Photographer: Li Tao/Xinhua News
After ’s European archrival revealed to provide aircraft to Chinese carriers, the US-based planemaker bemoaned its home country’s trade war with China for bruising its business prospects.
“As a top US exporter with a 50-year relationship with China’s aviation industry, it is disappointing that geopolitical differences continue to constrain US aircraft exports,” a Boeing spokesperson said Friday in a statement.
The agreement for to provide 292 planes to Chinese airlines in a deal worth $37 billion is a stark reminder of Boeing’s uncertain standing in one of the world’s largest travel markets. Both Airbus and Boeing have held long-running talks for large narrow-body aircraft orders that would help China replenish and grow its domestic fleet this decade, said a person familiar with the matter.
But, for now, Boeing can only watch as Airbus celebrates an order bonanza that doubles a 290-aircraft deal the European manufacturer struck in March 2019.
“This is China sending a sign, and it hurts Boeing terribly,” said George Ferguson, analyst with Bloomberg Intelligence.
It’s unclear whether China’s airlines can look solely to Airbus to fill their medium-term flying needs, as a waning pandemic is likely to spur demand, and the European planemaker is already running low on delivery slots to offer prospective customers.
“As a top US exporter with a 50-year relationship with China’s aviation industry, it is disappointing that geopolitical differences continue to constrain US aircraft exports,” a Boeing spokesperson said Friday in a statement.
The agreement for to provide 292 planes to Chinese airlines in a deal worth $37 billion is a stark reminder of Boeing’s uncertain standing in one of the world’s largest travel markets. Both Airbus and Boeing have held long-running talks for large narrow-body aircraft orders that would help China replenish and grow its domestic fleet this decade, said a person familiar with the matter.
But, for now, Boeing can only watch as Airbus celebrates an order bonanza that doubles a 290-aircraft deal the European manufacturer struck in March 2019.
“This is China sending a sign, and it hurts Boeing terribly,” said George Ferguson, analyst with Bloomberg Intelligence.
It’s unclear whether China’s airlines can look solely to Airbus to fill their medium-term flying needs, as a waning pandemic is likely to spur demand, and the European planemaker is already running low on delivery slots to offer prospective customers.
Its like the same 4-7 countries in 15 diffrent alliances
manqiangrexue
Brigadier
Last edited:
being forced to make so many different paper alliances with no real enforcement mechanism or charter is meaningless and a sign of losing confidence.
supercat
Major
Great Wall Motor is not a EV maker. Personally, I couldn't care less for legacy auto makers.
Wandering if he has ever heard of "the Uyghur Forced Labor Prevention Act"?
Yep, keep creating more alliances is a sure sign that previous ones are inadequate or don't work.
That's bad enough, but what's even worse is that they're largely formed from the same group of countries, just different subsets and/or combinations.