Boeing's latest challenge: China
CNN
The Boeing 737 Max is back in the air, and air travel is finally rebounding, helping restart orders for new planes. But Boeing is still facing a major problem that could cripple the company for years to come — US-China trade tensions.
China is by far the largest and most important market for aircraft purchases. It is estimated the country will account for a quarter of commercial aircraft sales globally over the next 10 years. But in an age of US-Chinese trade tensions only 1% of Boeing's orders since 2017 have been reported as going directly to Chinese buyers. Aircraft deliveries to China, which happen years after plane orders are placed, are stronger, accounting for nearly 20% of Boeing's total since 2017. But China is still one of three major global markets where the 737 Max has yet to get clearance to fly from aviation regulators. (India and Russia are the others.) And that has kept the door shut on deliveries of Boeing's best-selling plane to the globe's biggest market.
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