• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Taiwan’s China Airlines to buy 16 Boeing 787s in $4.6 bln deal
Business

Taiwan’s China Airlines to buy 16 Boeing 787s in $4.6 bln deal

February 13, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Aug 30 (Reuters) – Taiwan’s China Airways Ltd (2610.TW) stated on Tuesday it will purchase 16 Boeing Co (BA.N) 787 widebody planes to exchange its ageing fleet of Airbus (AIR.PA) A330s following a extensively watched contest held towards the backdrop of regional tensions.

The politically delicate deal price $4.6 billion at listing costs was introduced by the government-backed service weeks after a go to to Taipei by U.S. Home of Representatives Speaker Nancy Pelosi angered Beijing and stoked Sino-U.S. commerce tensions. learn extra

U.S. flagship planemaker Boeing had been extensively anticipated to win the deal as talks by the government-backed service to resume its fleet coincided with consideration to safety partnerships amid what Taipei has referred to as its worst tensions with China for 40 years.

Much less sure, nonetheless, is how the deal might impression Boeing’s relations with China, which generally accounts for a few quarter of its industrial gross sales, analysts stated.

Newest Updates

View 2 extra tales

Boeing has been ready for months for approval to renew 737 MAX deliveries to China regardless of the jet having been declared secure by Chinese language authorities after a security disaster.

Whereas Beijing has up to now withdrawn or postponed high-profile enterprise offers in response to U.S. or European arms gross sales to self-ruled Taiwan, which Beijing regards as a renegade province, civil airplane offers have a tendency to not trigger such a stir.

“Business enterprise is extra under the political radar,” stated a senior Western aerospace trade supply.

However some analysts warn that commerce with emblematic U.S. corporations might turn out to be the brand new lightning rod for tensions following Pelosi’s current go to to Taiwan, in addition to Chinese language navy workout routines.

See also  Joe Biden’s A.I. Oligarchs Plan for Our Future — Harness U.S. Government, Team with China, and ‘Break’ Capitalism

“Beijing has a protracted historical past of punishing Boeing and rewarding Airbus, and vice-versa, for perceived political sins. These might be dedicated by both the businesses themselves, or the international locations wherein they’re based mostly,” stated Isaac Stone Fish, founding father of Technique Dangers, which research company danger in China.

“For Boeing to promote planes to Taiwan, and simply weeks after Speaker Pelosi’s journey to Taiwan drew a robust response from Beijing, positively checks each these packing containers,” he added.

Boeing, which is normally fast to comply with up airline order bulletins with its personal launch, stated hours later that it was happy that China Airways had chosen the 787 and was working with the service to finalise the order. learn extra

Trade sources have stated that the U.S. planemaker sought to distance itself from Pelosi’s go to, refraining from utilizing it as a chance to foyer for a U.S. deal, however can be cautious of performing towards its personal deeper financial pursuits in China.

China tends to steadiness jet purchases between trans-Atlantic industrial powers Airbus and Boeing over time however has successfully been off the marketplace for 5 years, with demand hampered first by commerce tensions after which by the pandemic.

In July, Chinese language state airways introduced a deal for 292 smaller narrowbody jets with Airbus, in what sources referred to as a fastidiously timed announcement, months after the deal was agreed.

Boeing has lengthy been seen as a contender to win a Chinese language order for widebody jets just like the 787 as soon as commerce tensions ease.

See also  China Seethes as South Korean Scientists Claim to Find Potentially Historic Room-Temperature Superconductor

Boeing shares closed 1.9% decrease on Tuesday.

Boeing Chief Government Dave Calhoun stated final month that 737 MAX deliveries to China remained blocked by COVID-19 and a “geopolitical overhang,” in a reference to simmering commerce tensions between the world’s two greatest economies.

The order from Taiwan, nonetheless, is the newest signal of a long-awaited pickup in widebody demand and a lift for the U.S. planemaker weeks after it resumed deliveries of its premier long-haul mannequin following a 15-month halt over manufacturing points. learn extra

China Airways stated the 787s would permit it to section out its fleet of twenty-two older A330s.

The service, one of many world’s greatest freight airways, cited the 787’s cargo-carrying capability as one of many causes behind its choice in a contest that trade sources stated pitted the 787 towards the A330neo.

China Airways, which has been worthwhile throughout a lot of the pandemic due to a shift to cargo providers, is now gearing up for a rebound in passenger journey when Taiwan lifts quarantine guidelines for arrivals. learn extra

Reporting by Jamie Freed in Sydney and David Shepardson in Washington
Further reporting by Abhijith Ganapavaram in Bengaluru and Tim Hepher in Paris
Modifying by Jonathan Oatis and Matthew Lewis

: .

Source link

787s Airlines bln Boeing buy China Deal Taiwans
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

“I respect him so much” 

August 8, 2023

US bond market signals the end of an era

October 2, 2023

GOP Demands Answers After NBA Team Blasted Chinese Communist Propaganda During Game

March 12, 2023

‘Genocide Barbie’: Mia Khalifa Reups Old Insult For Gal Gadot As She Hits The Red Carpet

July 10, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Biden’s Plan To End ‘Digital Discrimination’ Would Lead To More Gov ‘Control Over The Internet,’ FCC Commissioner Says

November 9, 2023

Former WWE titleholder announces she is leaving; stormed out of locker room

August 3, 2023

IATSE Offices Close After Worker Makes ‘Strike-Related’ Threat

August 26, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.