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...With up to an estimated $72bn of state-related support over the past 15 years, the development of the single-aisle aircraft is seen as a big step forward for President Xi Jinping’s vision of moving China...
...Disputes over state support for Airbus and its US rival Boeing have caused transatlantic tensions in the past....
...In January, an Alaska Airlines Boeing 737 Max aircraft made an emergency landing after a door plug blew out during the flight. Boeing has been in upheaval since then....
...Arch rival Airbus has benefited from ample European support. It is capitalising on Boeing’s woes, increasing production and continuing to deliver its A320 model that competes with Boeing’s 737....
...“If it’s not Boeing, I’m not going,” was long a cherished slogan of the aircraft giant....
...Boeing is going to need financial support from its investors. Engineering a better reputation will take a long time but it is crucial. pan.yuk@ft.com...
...All this supports the view that talking about a bubble in the Mag 7 doesn’t make loads of sense, unless you think there is a bubble in the whole market....
...Boeing said: “We fully support the FAA and our customers in this action.”...
...Boeing said it was aware of the incident and was “working to gather more information”. It said a “technical team” was ready to support the investigation....
...Southwest CEO Robert Jordan voiced some support for Boeing, saying: “I have absolute confidence they will work their way through this and address the issues.”...
...The company, a crucial Boeing supplier, installs the plugged door as part of the construction of the 737 Max fuselage for some aircraft....
...“The senior management of Boeing are in a shit storm again, which can’t be good for delivering aircraft,” he said. Still, he offered Boeing’s senior management his full support....
...He said that AutoFlight had “no direct support from state-owned funds or governments”, nor was it involved in Beijing’s military-civil fusion programme, expanded under President Xi Jinping to improve the...
...Several long-term Boeing watchers believe the only way the company can regain significant market share will be by launching a new single-aisle aircraft....
...We support all actions thatstrengthen quality and safety and we are taking actions across ourproduction system.”...
...Copa said it had temporarily suspended flights of 21 Boeing 737 Max 9 jets. Turkish said it had withdrawn its small fleet of five Max 9 aircraft....
...Before the war, Boeing and Airbus planes comprised more than 70 per cent of Russia’s fleet of aircraft in service....
...While he said this could come from either Airbus or Boeing, the European manufacturer has placed a far greater emphasis on developing a hydrogen aircraft than its US rival....
...The case in point here is Boeing, which was allowed to purchase the only other US domestic producer of commercial aircraft, McDonnell Douglas, in 1997....
...The company has struggled to build the presidential aircraft on a fixed-price contract....
...Boeing chief executive Dave Calhoun is to step down at the end of this year, as part of personnel changes at the US aircraft manufacturer, which is battling with the fallout from an incident in which a plane...
...Chart of the day Before the Ukraine war, Boeing and Airbus planes comprised more than 70 per cent of Russia’s fleet of aircraft in service....
...That said, it should still be perfectly possible for Airbus to develop a next-generation single-aisle aircraft without support. Imagine such a project ended up costing $15bn over 8 years....
...Here’s what else I’m keeping tabs on today: Companies: Boeing is expected to report a first-quarter loss later today amid ongoing concerns about safety standards at the aircraft maker....
...Airlines are having to replace older aircraft in their fleets as well as place orders to support future growth, said Stuart Hatcher, chief economist at consultancy IBA, who predicted significant deals at...
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