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Boeing's China orders dry up on Sino-US tensions boost Airbus sales
来源：shippingazette 编辑：编辑部 发布：2022/10/10 09:30:37
CHINA's traditional purchasing split between Europe's Airbus and America's Boeing is unravelling at Boeing's expense, reports Bloomberg.
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 US$37 billion at list prices.
The misses reinforce how simmering US-China tensions continue to plague dealmaking for Boeing, which is 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 US$4.8 billion deal in September was to supply 40 jetliners to Xiamen Airlines, a China Southern unit that previously only flew Boeing.
Boeing did seal an order for up to twenty-four 787s from Taiwan's China Airlines over summer, but that could end up hampering deals with mainland carriers due to the politically-charged nature of matters relating to Taiwan, which China claims is part of its territory.
The order came shortly after a contentious visit to the island by US House Speaker Nancy Pelosi in August. More than two dozen members of Congress have visited the self-governing democracy this year, the most since at least 2013.
"Boeing's exclusion from the Chinese market is poised to extend amid a worsening US-China relationship, lengthening the company's recovery timeline and crimping its outlook," said Bloomberg Intelligence analysts George Ferguson and Juan Chamorro in a note.
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 US$37 billion at list prices.
The misses reinforce how simmering US-China tensions continue to plague dealmaking for Boeing, which is 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 US$4.8 billion deal in September was to supply 40 jetliners to Xiamen Airlines, a China Southern unit that previously only flew Boeing.
Boeing did seal an order for up to twenty-four 787s from Taiwan's China Airlines over summer, but that could end up hampering deals with mainland carriers due to the politically-charged nature of matters relating to Taiwan, which China claims is part of its territory.
The order came shortly after a contentious visit to the island by US House Speaker Nancy Pelosi in August. More than two dozen members of Congress have visited the self-governing democracy this year, the most since at least 2013.
"Boeing's exclusion from the Chinese market is poised to extend amid a worsening US-China relationship, lengthening the company's recovery timeline and crimping its outlook," said Bloomberg Intelligence analysts George Ferguson and Juan Chamorro in a note.