Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co as a potential rival demonstrates its growing influence.
"I do know that if it goes on for too long, I pay a price," he told a Bernstein conference this month."I pay a price because they're the biggest part of the growth of the industry in the world." Group of Seven leaders last week scolded China over a range of issues and demanded a thorough probe of the origins of COVID-19, angering Beijing.Any improvement in the political backdrop to the MAX decision seems unlikely before the Communist Party's 100th anniversary on July 1, sources and analysts say.
Last year, engineers from Seattle visited China to answer Civil Aviation Administration of China's technical queries, one of the people said. CAAC declined to comment about the timeline for approval or the considerations for granting it. But CAAC chief Feng Zhenglin late last year raised concerns about Boeing's pilot training and after-market services in a small group meeting, a third source familiar with the matter said. The source, like others in this article, declined to be identified because of the sensitivity of the matter.The U.S.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TODAYonline - 🏆 1. / 99 Read more »
Source: TODAYonline - 🏆 1. / 99 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »