Boeing in the United States is almost unbearable! C919 is finally about to fly abroad, and its first partner has been waiting for it for 10 years

Tech 2023-10-20 11:18:27 Source: Network

China Fund News quoted a CCTV financial report as saying that Ryanair recently announced that it had decided to cancel its signed 737MAX10 order due to price differences with American aircraft manufacturing giant Boeing. Ryanair CEO Olli pointed out that the original plan was to reach a cooperation agreement for at least 200 Boeing 737MAX10 aircraft by the end of the year, but if Boeing lowers prices, he may consider increasing orders to over 250 aircraft

China Fund News quoted a CCTV financial report as saying that Ryanair recently announced that it had decided to cancel its signed 737MAX10 order due to price differences with American aircraft manufacturing giant Boeing. Ryanair CEO Olli pointed out that the original plan was to reach a cooperation agreement for at least 200 Boeing 737MAX10 aircraft by the end of the year, but if Boeing lowers prices, he may consider increasing orders to over 250 aircraft.

This is not the first time Boeing has lost an order due to various reasons. As early as 10 months ago, Boeing's 787 Dreamliner, worth over $25 billion, was blocked by safety regulatory agencies due to quality issues. This blockade continued until late October of this year. According to Boeing's financial report, they have suffered losses for six consecutive quarters, and their revenue in 2021 may set a record for the largest annual loss in history. What worries Boyin is that its main competitor Airbus is fiercely vying for market share, and even Boeing's old customer British Airways has purchased Airbus aircraft worth $4.9 billion. Analysts believe that the sharp decline in orders, customer churn, and contract termination is a huge blow for Boeing, which has always dominated the global civil aviation aircraft market.

Meanwhile, this also means that companies with a large demand for civil aviation aircraft, including Ryanair, will start seeking other aircraft suppliers. Western media generally believe that in addition to the powerful Airbus company, China's C919 aircraft has also demonstrated considerable competitiveness due to its rapid development. According to relevant sources, as early as 2011, in the early stages of the C919 project, Ryanair signed a memorandum of understanding with China, including 200 C919 aircraft. In March of this year, Ryanair's CEO, O'Leary, once again emphasized his focus on the China C919 project and stated that he is very looking forward to the emergence of a third civil aircraft manufacturer to break the global civil aviation market pattern that has long been dominated by Airbus and Boeing.

According to a report from China, based on Boeing's performance in the past year, its quality management issues have become an urgent problem to be solved. Not only that, Boeing aircraft has always been regarded as one of the representatives of the strength of the US manufacturing industry, firmly occupying the dominant position in the global civil aviation passenger aircraft market, and the Boeing 787 model is considered a highly advanced representative of passenger aircraft. However, the frequent occurrence of quality issues nowadays may not only be a problem for Boeing, but may also be a sign of the declining manufacturing industry in the United States. One of the main reasons is the shift in the focus of the US economy, as the proportion of manufacturing in GDP continues to decline, even dropping to less than 11% in 2019. In contrast, more and more people around the world believe that "China is constantly catching up with the United States and becoming a global manufacturing powerhouse". Bloomberg also believes that China is expected to surpass the United States and rise to become the world's largest economy by 2031.

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