https://seekingalpha.com/article/4521784-airbus-deals-major-blow-to-boeing-with-win-in-china
07/05/2022
- Order from the Big Three in China is a slam for Boeing.
- Boeing cannot be blamed for order loss as tense US-China relation provides
little support for finalizing Boeing aircraft orders.
- Biden administration has done little to bolster aircraft sales prospects in
China or ease tensions.
- Airbus order is likely largely based on a 2019 framework agreement.
On the first of July, Airbus sent a ripple through the aerospace industry
by confirming that the Big Three from China had ordered Airbus aircraft
in big quantities.
Given the current state of Boeing Commercial Airplanes, there is little doubt that
this deal is a major blow to Boeing.
The order of roughly 300 aircraft was disclosed separately:
- Air China disclosed that it had purchased 96 Airbus A320neo family aircraft
with a list price of $12.2 billion.
A third of the aircraft has been allocated to subsidiary Shenzhen Airlines with
deliveries of all aircraft on order to take place between 2023 and 2027.
- China Eastern Airlines disclosed that it had purchased 100 Airbus A320neo
family aircraft with a list price of $12.8 billion with deliveries scheduled
between 2024 and 2027.
- China Southern Airlines disclosed that it had purchased 96 Airbus A320neo
family aircraft with a list price of $12.2 billion with deliveries scheduled between
2024 and 2027.
The combined list price for the 292 aircraft is $37.3 billion.
@OP+1h6Kj6Xi = No Future
@OP+1gg7JrDL = Expect More Layoffs, due to Boeing’s Obsolescence
@OP+12lmFi8K = Expect Layoffs
Expect a global re-balancing in market share for this aircraft class
Expect difficult times ahead for those who cannot adapt
Expect difficult times ahead for those who have only known Boeing.
Expect darkness and despair
Expect Layoffs, again and again
Expect to find Boeing employees in the fetal position.