Global 

US hit back against EU with tariff retaliation over ‘harmful’ Airbus subsidies

The United States has proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to impose tariffs as retaliation for aircraft subsidies.With the move on Monday, the US Trade Representative (USTR) said it was kicking off the process for retaliation against over US$11 billion worth of damage from European Union subsidies to Airbus that the World Trade Organisation (WTO) has found cause “adverse effects” to the United States.The… Source link

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Blow to Boeing: China to buy hundreds of Airbus jets, in mammoth US$35 billion deal sealed on Xi Jinping’s France visit

Airbus SE secured a US$35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a fresh blow to Boeing Co as it grapples with the grounding of its bestselling jet.It was among 15 business contracts between China and France that were signed on Monday, including a €1 billion (US$1.1 billion) contract for EDF to build an offshore wind farm in China, the French presidency said.The mammoth Airbus order included 290 A320-series narrow-body planes and… Source link

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Money 

Chinese firm offers to sell stake in Airbus’ hometown Toulouse-Blagnac airport while Xi heads to France to drum up investments

An aerial view of the Toulouse-Blagnac airport in southern France, the country’s third-largest airfield and the hometown airport used by Airbus and ATR to test their aircraft. Chinese company, which bought 49.99 per cent of the airport in 2014, is putting the stake up for sale. Photo: SCMP/Handout Source link

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Boeing beats European rival Airbus in global aircraft order race for the first time since 2012

Airbus abandoned a five-year winning streak in the race for jetliner orders in 2018, slumping to its lowest share of the US$150 billion jet market in six years but narrowing a gap against US rival Boeing Co in aeroplane deliveries. The European company said it had won 747 net orders, down 33 per cent from 2017 despite a hefty contribution from the Canadian A220 jet which it took over in July. Boeing won the order race for the first time since 2012 with 893 orders. Why China is no closer…

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US-China trade war causing ‘psychological uncertainty’ among Airbus partners, customers in China

The US-China trade war has caused quite a lot of psychological uncertainty among European aircraft maker Airbus’ Chinese partners and customers regarding their expectations for the country’s aviation industry, a top official said on Tuesday. “This will have a negative impact on China’s aviation growth,” Xu Gang, chief executive of Airbus China, told a press briefing at the biennial Airshow China in the southern coastal city of Zhuhai. “Nobody will be the winner of this kind of trade war.” Why China is no closer to rivalling Boeing or Airbus China’s…

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China 

Why China is no closer to rivalling Boeing or Airbus

China’s ambitions to build its own commercial jetliner took flight after late paramount leader Deng Xiaoping launched sweeping economic reforms 40 years ago. But a continued lack of core technology means that the country is today no closer to its ultimate goal of developing an internationally recognised narrow-body passenger plane to rival Boeing or Airbus. China had hopes that it could start developing the technology in 1980s when American aerospace firm McDonnell Douglas agreed to work with Shanghai Aviation Industrial to produce 40 midrange twin-engined planes in a deal then…

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