China Eastern Airlines is set to order up to 20 Boeing 777 wide body aircraft, in a deal valued at up to USD six billion at list prices. The order comes as Airbus, the European jet maker and Boeing’s chief rival, struggles to finalise a USD 3.5 billion deal to sell 15 A330 wide body aircraft to China Eastern.
The Airbus order has been put on hold because of China’s objections to European Union proposals that will oblige foreign airlines to comply with its carbon emissions trading scheme, according to people familiar with the situation, as per a report on Financial Times by Andrew Parker and Hal Weitzman . The Boeing deal is likely to reinforce European aerospace industry fears that the sector could be caught in a global trade war because several countries, including China, India and the US, object to the EU carbon scheme. Boeing’s deal with China Eastern would highlight the popularity of the 777 aircraft with airlines on their long-haul routes. Airbus’s ability to compete for wide-body orders has been dented by delays with its planned twin-aisle A350 aircraft. The A350 is supposed to be the company’s answer to Boeing’s new twin-aisle 787 aircraft.
Click here to see the original article>The Airbus order has been put on hold because of China’s objections to European Union proposals that will oblige foreign airlines to comply with its carbon emissions trading scheme, according to people familiar with the situation, as per a report on Financial Times by Andrew Parker and Hal Weitzman . The Boeing deal is likely to reinforce European aerospace industry fears that the sector could be caught in a global trade war because several countries, including China, India and the US, object to the EU carbon scheme. Boeing’s deal with China Eastern would highlight the popularity of the 777 aircraft with airlines on their long-haul routes. Airbus’s ability to compete for wide-body orders has been dented by delays with its planned twin-aisle A350 aircraft. The A350 is supposed to be the company’s answer to Boeing’s new twin-aisle 787 aircraft.