Boeing has been negotiating one of the largest orders ever of wide-body jetliners with Chinese airlines even as tensions between Washington and Beijing escalate, say people familiar with the talks
Still, the airplane negotiations underscore the overlapping interests between the two nations in aviation. Boeing, under pressure over the worldwide grounding of its 737 Max plane, is the largest U.S. exporter and the deal would help reduce its home country’s trade deficit with China. The potential order would be worth more than $30 billion before customary discounts, depending on the mix of aircraft.
China is an emerging aviation superpower, on pace to become the world’s largest aviation market in the 2020s. It has ambitions of eventually joining Boeing and Airbus SE as a dominant global planemaker, but the first locally developed wide-body jet is at least eight years away. That leaves the country’s airlines reliant on the duopolists for large jetliners to cruise over oceans and sate demand for travel by Chinese consumers.
Boeing has long predicted healthy sales for the 777X in China, where airlines have yet to order the hulking model, the first twin-engine aircraft designed to haul more than 400 travelers. But the timing of the plane’s 2020 commercial debut is uncertain amid a controversy over the U.S. aircraft certification process in the wake of two deadly crashes for Boeing’s narrow-body 737 Max.
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