logo
China edges closer to Airbus mega-deal, leaving Boeing out in the cold: analysts

China edges closer to Airbus mega-deal, leaving Boeing out in the cold: analysts

China may be on the verge of placing another lucrative order with European aerospace giant Airbus, potentially for at least 100 to 200 new aircraft – even as some Chinese airlines remain heavily reliant on US rival Boeing's jets.
Europe has emerged as China's go-to source for overseas commercial aircraft in recent years. Boeing, once a major supplier, has not secured a major order from China since 2017 – casting a
shadow over its future in the world's second-largest economy amid turbulent trade ties between Beijing and Washington.
In that time, the company has also suffered reputational setbacks marked by worker strikes, financial losses and crashes – including the recent
Air India disaster that killed at least 270 people aboard a Boeing 787 Dreamliner.
Now, as Beijing's geopolitical and aviation safety concerns push Chinese buyers towards Airbus and even the home-grown
Comac C919 passenger plane, analysts warn Boeing's absence from China's recent plane-buying spree could leave some airlines in the lurch.
'Buying from Airbus makes a lot of sense now, both commercially and diplomatically … But carriers with Boeing-only fleets are caught on the back foot,' said Brian Yang Bo, an aviation industry veteran and independent consultant.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hong Kong banks can leverage AI and trade changes for growth amid global challenges: KPMG
Hong Kong banks can leverage AI and trade changes for growth amid global challenges: KPMG

South China Morning Post

timean hour ago

  • South China Morning Post

Hong Kong banks can leverage AI and trade changes for growth amid global challenges: KPMG

The adoption of artificial intelligence (AI) and corporate realignment in response to trade and tariffs is expected to present significant opportunities for Hong Kong banks, according to a KPMG executive. Opportunities would arise as the financial performance of the city's banking sector this year might lack growth drivers, with 'interest rates, margins and loans unlikely to change significantly', said Paul McSheaffrey, senior banking partner for Hong Kong at the consultancy. Last year, Hong Kong banks posted asset and profit gains as strict cost controls and an increase in customer deposits offset weak loan demand and rising credit risks amid global uncertainty, according to a KPMG report published on Wednesday. The total assets of all licensed banks rose 4.5 per cent to HK$24 trillion (US$3.1 trillion) in 2024 from the previous year, while operating profit was up 7.8 per cent. Although loans and advances declined 2.3 per cent, customer deposits increased 4.1 per cent due to the limited interest rate cuts last year. A file photo from September 2017 of Paul McSheaffrey, senior banking partner for Hong Kong at KPMG. Photo: Handout The banks' average cost-to-income ratio declined by 38 basis points from 42.6 per cent in 2023 to 42.2 per cent in 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store