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Airbus and Boeing Hide Identity of Buyers Worth US$35.4 Billion

Posted July 20, 2018

Under Economic Issues, International Trade Issues


Airbus and Boeing usually don’t miss a chance to celebrate their biggest orders at the annual air shows – typically, top executives will trumpet them loudly at signing ceremonies staffed with a phalanx of smiling flight attendants.

Not this year. On the first three days at the Farnborough expo taking place outside London, Airbus has cloaked the identity of the customer behind US$24.4 billion in orders at list prices. Boeing followed suit regarding deals struck for planes valued at US$11 billion before customary discounts.

Why? Airbus’s sales chief points the finger at US President Donald Trump, whose trade war with China has created a minefield for global companies that do business in both countries. Click here to read more.