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Airbus, Boeing eye China in quest for supremacy
Airbus overcame technical toilet troubles and engine delays to win hundreds more plane orders in 2015 than rival Boeing, but a bigger problem may cloud this year for both companies: China’s economic slowdown.
January 14, 2016 By The Associated Press
Airbus SA and Boeing Co. are battling to win market share in China, forecast to become the world’s biggest air travel market in a little more than a decade. But concerns about China’s plunging financial markets and slowing growth are rippling throughout Asia, where a growing middle class has driven demand for new airplanes in recent years.
Airbus CEO Fabrice Bregier largely shrugged off the recent market turmoil on Tuesday, insisting that his Toulouse, France-based company is sticking to plans for a new facility in Tianjin next month and to its overall strategy in China. | READ MORE
