Boeing Shares Dip As Airbus Seals Massive Order From China | WHAT REALLY HAPPENED


Boeing Shares Dip As Airbus Seals Massive Order From China

The last few days have seen Boeing shares roller-coaster on market swings and idiosyncratic headlines (as Garuda started the worrying trend of canceling airplane orders). Today, Boeing shares slipped after Bloomberg reported that Airbus has secured a long-awaited aircraft order from China.

The confirmation reportedly occurred during a state visit by Xi Jinping to the French capital, according to a person with knowledge of the matter.

The deal is due to be announced as soon as Monday afternoon in Paris, said the person, who asked not to be identified discussing non-public information.

While no details were immediately available of the deal, Bloomberg reports that the deal was initially touted more than one year ago by the French government as being valued at as much as $18 billion.

Webmaster's Commentary: 

Aerobus planes have not been crashing recently; and in their desire to get their newest airplanes up and running, Boeing did not do the due diligence with the inspections, which would have delayed the process, but would have meant the the planes were air-worthy.

Unfortunately, Boeing brought this upon themselves, and heaven only knows if they will be able to come out of this one financially in tact; were I a betting woman, I wouldn't bet that this will happen

I can hear the SMACK! of class-action lawsuits, against both the plane manufacturer, and the two companies which flew the aircraft, without insuring that training on this was mandatory, and against Boeing for signing off on a plane which was defective in its manufacturing.

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