China's move to ground Boeing Co's 737 MAX jetliners following the dea...
SEATTLE/PARIS/SHANGHAI - China’s move to ground Boeing Co’s 737 MAX jetliners following the deadly Ethiopian Airlines crash has cast a shadow over the American planemaker’s immediate hopes for a major jet order linked to a U.S.-China trade deal, industry sources said.
Now, those sources say it is uncertain how quickly China will be willing to give the 737 MAX the expected new endorsement after ordering its own airlines to stop flying the jet - though much could change as Ethiopian investigators assemble clues to the second deadly crash of the brand-new model in five months.
While the trade frictions have visibly hurt businesses such as U.S. soybean farmers and Chinese manufacturers, their impact on Boeing has been less clear. It is possible China could also decide to use a large order of Airbus jets to relieve pent-up demand. Orders of European jets have slowed too, partly because Chinese buyers have been wary of wading into the trade row and because the economy is slowing.
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