China 

Trade war casts shadow over China business prospects for US firms like Apple and Boeing

The business prospects in China for American firms like Apple and Boeing are at risk because the mainland is rapidly becoming less welcoming and profitable, amid dampened consumer confidence, slowing growth, and an increasingly watchful state, analysts said.The Chinese government has repeatedly assured investors from the United States that they will be treated fairly in China and have their legitimate interests protected, but recently Beijing has shown its teeth to those firms that it perceives… Source link

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Chinese aircraft lessor suspends order for Boeing 737 MAX, seeks assurance on jet’s safety

China Aircraft Leasing Group Holdings (CALC) has put its order for 100 Boeing 737 MAX jets temporarily on hold, until it is assured of the aircraft’s safety.The Hong Kong-listed lessor, controlled by the state-owned conglomerate China Everbright Group, placed an order for 50 aircraft in June 2017. CALC then increased it by another 25 in December with an option for 25 more as part of its plan to grow its overall fleet from 133 in 2018 to 232 by 2023. According to the original schedule, the first… Source link

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Singapore 

SIA confirms it has grounded two Boeing 787-10 jets due to engine issues, Singapore News

SINGAPORE – Singapore Airlines (SIA) has grounded two of its nine Boeing 787-10 aircraft due to engine issues, the airline said on Tuesday, confirming a report in The Straits Times. The planes are all fitted with the latest Rolls-Royce Trent 1000 TEN engines, an improved version of the Trent 1000 engine which has had issues with premature blade cracking. Sources had told The Straits Times that preliminary checks show that the same cracked blade issue is affecting the new TEN engine. SIA told The Straits Times that during recent routine…

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Boeing says it needs more time to upgrade its software to make the stall-prevention system in 737 MAX aircraft less aggressive

Boeing says it needs more time to finish a software upgrade for its grounded 737 MAX jetliners as company engineers update a stall-prevention system linked to two fatal crashes in five months.The planemaker said last week it would submit final paperwork for the revamp to the Federal Aviation Administration by March 29 to make the system – known as MCAS – less aggressive in pushing down a plane’s nose, and to add redundancy so that it’s less likely to activate when other systems malfunction.Now… 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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China’s ‘zero tolerance’ attitude means grounding troubled Boeing 737 Max 8 was not an accident

China’s decision to ground the Boeing model involved in the fatal Ethiopian Airlines crash within the first 20 hours of the March 10 tragedy was a result of an ever-increasing and deep-rooted risk averse culture, industry insiders said.Portrayed as a rare victory for China in the court of international public opinion, the Civil Aviation Administration of China (CAAC) said its decision was made due to safety concerns, with no suggestion of undermining the United States despite the widely… Source link

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Hainan Airlines sells two Boeing 737-800 planes for US$27.5 million to raise cash, after grounding 737 MAX 8

Hainan Airlines Group can’t seem to catch a break.China’s fourth-largest carrier, a unit of one of the country’s largest and most heavily indebted conglomerates, was in the midst of an asset disposal programme – selling everything from Hong Kong land parcels, slashing its Deutsche Bank stake to airliners – when a Boeing 737 MAX 8 operated by Ethiopian Airlines crashed this week.The tragedy, which killed 157 people on board – including eight Chinese – sparked a worldwide backlash that saw… Source link

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737 MAX: Boeing counts cost of bestselling jet’s global grounding over safety concerns

Deliveries of Boeing’s bestselling 737 MAX jets were effectively frozen, though production continued, after the United States joined a global grounding of the narrowbody model over safety concerns, leaving the world’s largest planemaker facing its worst crisis in years.The 737 MAX is banned from flying in most countries across the world following an Ethiopian Airlines crash on Sunday that killed all 157 people on board. It was the second deadly incident for the relatively new Boeing model in… Source link

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US finally grounds Boeing 737 MAX planes, citing ‘new evidence’ from Ethiopia crash site

The US Federal Aviation Administration issued an emergency order on Wednesday grounding all Boeing 737 MAX aircraft in the wake of a crash of an Ethiopian airliner that killed 157 people, a reversal for the US after federal aviation regulators had maintained it had no data to show the jets are unsafe. The decision came hours after Canada joined some 40 other countries in barring the 737 MAX from its airspace, saying satellite tracking data showed possible but unproven similarities between the… Source link

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China 

Beijing’s grounding of Boeing 737 Max 8 may win praise for safety but no points for China’s aviation sales

While Beijing’s swift decision to ground the kind of Boeing jetliner involved in the Ethiopian Airlines crash could raise its profile in international aviation regulation, it is far too soon to say it could turn into a commercial boon for China’s aircraft manufacturing industry, analysts said.China’s aviation authority was the first to ground Boeing 737 Max 8 planes after the crash in Ethiopia on Sunday which killed all 157 people on board. Most countries have followed suit.Sunday’s crash was… Source link

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