Boeing crisis, trade tensions cast pall over air show

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Boeing crisis, trade tensions cast pall over air show
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Safety concerns, trade wars and growing security tensions in the Gulf are dampen...

PARIS - Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world’s largest planemakers as they arrive at this week’s Paris Airshow with little to celebrate despite bulging order books.

The grounding of the latest version of the world’s most-sold jet has rattled suppliers and even fazed rival Airbus, with the European company avoiding the traditional baiting of Boeing, while remaining distracted by its own corruption probe. “Boeing’s MAX crisis isn’t the most ominous dark cloud, since it can be solved, but traffic numbers are genuinely scary,” said Teal Group aerospace analyst Richard Aboulafia.

“We’re talking to so many airlines who still want more aircraft, and there’s really been no lessening of those discussions,” he said.Boeing is delaying key decisions on the launch of a possible new aircraft, the mid-sized NMA, to give full attention to the 737 MAX and last-minute engine trouble on the forthcoming 777X, industry sources said.

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