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China Airlines ordered nearly $12 billion worth of Boeing and Airbus widebody aircraft. The deal is worth about $7.4 billion to Boeing, with China Airlines as its newest 777X customer.
TAIPEI (Reuters) -Taiwan's China Airlines will split an order for its long-haul fleet renewal between Boeing and European rival Airbus and buy freighters from the U.S. planemaker in a closely ...
China’s homegrown 737 competitor has to wait a while to fill the vacuum left by Boeing: Europe says COMAC’s C919 is ‘too new’ to approve by 2026 Lionel Lim March 15, 2024 at 4:09 AM
In 2022, China announced sanctions against Ted Colbert, the president and CEO of Boeing Defense, Space and Security. after the company won a $355 million contract to supply Harpoon missiles to Taiwan.
On U.S. stock markets, Boeing shares initially fell by 7.8 percent and China Eastern shares by 8.2 percent after the incident. [81] [28] On the Hong Kong Stock Exchange, China Eastern shares dropped by 6.5 percent. [81] Boeing offered its condolences to the families of the victims and said that it was in contact with China Eastern and the NTSB ...
In June 2012, Russia and China entered talks to set up a joint venture between UAC and Comac to develop a successor to the Il-96. Development was expected to take at least seven years and cost $7–12 billion, with a production target of several hundred aircraft. Russia would contribute its knowledge and China would provide the resources. [3]
The targeted firms also included General Dynamics and Boeing. The 10 “unreliable entities” were engaged in the American weapons sales to Taiwan “despite strong opposition” from Beijing.
The $8.7bn over 40 years incentive to Boeing to manufacture the 777X in the state includes $4.2bn from a 40% reduction in business taxes, £3.5bn in tax credits for the firm, a $562m tax credit on property and buildings belonging to Boeing, a $242m sales tax exemption for buying computers and $8m to train 1000 workers, [161] Airbus alleges this ...