Trump-China Trade War Hits Boeing
Facing production gaps on its 777 and 787 lines from 2022, Boeing needs widebody orders
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August 19, 2019 - by Scott Hamilton for leehamnews.com
- Facing production gaps on its 777 and 787 lines from 2022, Boeing needs widebody orders
There have been no widebody orders placed by China with Boeing since President Trump launched a trade war in March 2018, hurting American's biggest exporter and affecting the US balance of trade.
In fact, there have been no announced orders by China with Boeing since October 2017. Only 22 China orders were announced in 2017.
Boeing has a large number of Unidentified 737s listed on its website. It is widely believed that China accounts for perhaps as many as 25% of these, but Boeing won't comment.
China historically accounted for between 25% and 33% of Boeing's annual deliveries.
Since 2011, China took delivery of more than 170 widebody passenger and freighter jets, or 9.3% of all widebodies delivered by Boeing.
Counting on a surge in demand
Boeing—and Airbus—count on a surge in demand for widebodies...
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