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Boeing to ink $7 bln-plus deals with China airlines

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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 02:42 AM
Original message
Boeing to ink $7 bln-plus deals with China airlines
IBM can't do business with China but Boeing can??? What kind of chess game do we have going with China and the White House??

NEW YORK (Reuters) - Boeing Co. will sign on Friday deals worth up to $7.5 billion to sell 60 of its 7E7 Dreamliner planes to six Chinese airlines, a source familiar with the transactions said on Thursday.

The orders are a coup for Boeing as it battles European rival Airbus for customers. They are also a big boost for the 7E7, a mid-sized airliner expected to offer low fuel and operating costs when it debuts in 2008.

"Obviously, it's a plus," said Cai von Rumohr, an analyst at SG Cowen. "I'm a bull on the 7E7. Boeing has a better product (than rival plane Airbus A350) which will get more than half the market."

more...

http://www.reuters.com/newsArticle.jhtml?storyID=745929...
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amandabeech Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 02:57 AM
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1. The Chinese will probably demand that many parts for this plane
be built in China, so that they can then steal the technology. Will Congress get involved in this?
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DulceDecorum Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 03:17 AM
Response to Reply #1
2. The US put lots of bugs
in the last plane they sent to China, but the Chinese found them before they had a chance to do anything.

http://news.bbc.co.uk/1/hi/world/asia-pacific/1769642.s...
http://news.bbc.co.uk/1/hi/world/asia-pacific/1774779.s...

So, now if the Chinese say they want to build the spares themselves, it is going to difficult to say no.
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KDLarsen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 03:19 AM
Response to Original message
3. I call BS at Cai von Rumohr (that name just irks me)
.. how the heck can he compare two products, neither of which have even to make a test flight yet? Especially since the details of the Airbus A350 have yet to be revealed.

A bit of boeing cheerleading perhaps?

(Before you kill me, God knows that Airbus would do the same thing if they won an order for 60 A350's to China).
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