Nov.
28th
China putting a freeze on new airliner buys
China plans to tell its state-owned airlines to hold off on any new airliner purchases until the economy improves, Hong Kong’s South China Morning Post reports.
The order moratorium would pinch off one of the largest sources of new airliner orders for Boeing and its European rival Airbus.
Two of China’s largest carriers, China Southern Airlines and China Eastern Airlines, have asked the Chinese government for financial aid to help them weather the decline in business.
The state is also planning to seek to postpone deliveries already scheduled by the two aircraft makers because of cash flow
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