Boeing’s China orders dry up on US tensions in boost for Airbus

China has traditionally split aircraft orders evenly between Airbus SE and Boeing Co. Recently though, there’s been a shift against the American half of the world’s planemaking duopoly. Boeing missed out on a 40-plane deal in September, following an even bigger hit in July, when China ordered nearly 300 Airbus aircraft worth about $37 billion at sticker prices. The misses reinforce how simmering US-Sino political tensions continue to complicate the dealmaking landscape for Boeing, which is also still waiting for its 737 Max to fly again in China. Boeing, which hasn’t signed a major plane deal with China since 2017, took the unusual step of issuing a statement after the July Airbus order was announced. “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,” Boeing said. “We continue to urge a productive dialogue between the governments given the mutual economic benefits of a thriving aviation industry.” The agreement with Airbus for 292 aircraft from China’s big three state-owned carriers was one of the country’s largest-ever orders. The subsequent $4.8b deal in September was to supply 40 jetliners to Xiamen Airlines, a China Southern Airlines unit that previously only operated Boeing planes.<br/>
Bloomberg
https://ajot.com/news/boeingas-china-orders-dry-up-on-us-tensions-in-boost-for-airbus
10/5/22