A major aviation acquisition from China on July 1 underscored how trade tension between the Washington and Beijing can impact companies, with Boeing left looking on as rival Airbus SE scooped up orders worth at least $37B. China’s top three airlines ordered almost 300 Airbus jets - one of the European plane-maker’s biggest ever single-day deals - in the first major acquisitions since pandemic restrictions isolated the world’s second-largest economy. Airbus SE is pushing plans to ramp up production of its bestselling A320 family of jets to 75 a month by 2025 with the construction of a new U.S. assembly line in Mobile, Ala. The figure represents a jump from a current monthly rate of about 50 of the narrow-body planes and the 65 targeted for the middle of 2023. (Source: Bloomberg 07/03/22) Boeing Rues US-China Trade War as Airbus Wins $37 Billion Deal (msn.com)
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