The Biz Buzz

Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.

NOTICE: The Biz Buzz has moved.

With the launch of our new website, we've moved The Biz Buzz.
Visit the new section.

China putting a freeze on new airliner buys

Post by John Gillie / The News Tribune on Nov. 28, 2008 at 1:42 pm with No Comments »
November 28, 2008 1:42 pm

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 problems and falling business.

Leave a comment Comments
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part and abiding by these simple rules.

JavaScript is required to post comments.

Follow the comments on this post with RSS 2.0