Boeing groundings put US-China trade-linked jet order in limbo - News Summed Up

Boeing groundings put US-China trade-linked jet order in limbo


China’s move to ground Boeing Co’s 737 MAX jetliners following the deadly Ethiopian Airlines crash has cast a shadow over the American planemaker’s immediate hopes for a major jet order linked to a U.S.-China trade deal, industry sources said. China routinely places large, headline-grabbing jet orders to mark significant diplomatic moments, such as a deal for 300 Boeing jets signed during a visit by Trump to Beijing in 2017. The same could apply to any new bout of jet orders announced with a trade peace deal, a former industry negotiator said. It is possible China could also decide to use a large order of Airbus jets to relieve pent-up demand. One person with knowledge of the matter said before the groundings that Boeing could win a “massive” order led by 737s.


Source: Indian Express March 15, 2019 02:08 UTC



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