Trade war could unsettle Boeing

Remigio Civitarese
Novembre 9, 2018

George Xu, the top China executive at Boeing's biggest rival Airbus, said at a news conference that the European planemaker did not expect a sales windfall from the tensions.

China's air travel market, which has enjoyed double-digit annual growth over the past few years, is set to overtake the USA to become the world's largest in terms of passengers in the next two decades, according to Airbus and its United States rival Boeing, which dominate the large aircraft segment. "Nobody will be the victor in this kind of trade war".

The global market for widebody jets is estimated to be worth $2.5 trillion over the next two decades, according to Boeing, with the fleet size more than doubling to 9,180 jets.

But the escalating trade war between the world's largest two economiesand China's slowing economy has sparked concerns over such rosy outlook.

While U.S. - influenced airplane, among America's greatest fares to China, to have so far circumvented Beijing's duties, examiners said they were all the while holding up to perceive what the exchange war would spell for U.S. organizations, like Boeing. The jet means China has an aircraft with technical specifications roughly comparable to Russia's Su-57 and the US' F-22 and beleaguered F-35.

"We are going to see more of the J-20 this year and the message therefore is that this aircraft is in larger numbers in Chinese service", said veteran China watcher Bradley Perrett of Aviation Week.

The plane, which is set to make its maiden flight in 2023, is expected to eventually compete with the Airbus A350 and the Boeing 787. "We are optimistic for a quick resolution".

Boeing has added five new Chinese suppliers who provide parts from aluminium plates to plane seats for its single-aisle 737 model.

The Commercial Aircraft Corporation of China and Russia's United Aircraft Corporation (UAC) showed off the model of the CR929's cockpit and passenger cabin in a ceremony that was attended by senior executives from both state-owned planemakers.

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