S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

For Airbus, The Fix Is In For China, Boeing (BA) Suffers

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Airbus is going to start to assemble some of its planes in China. And China gave Airbus a $14.8 billion order for 160 of its A320 and A330 planes. It is probably just a coincidence.

According to The Wall Street Journal "Airbus and Chinese partners this summer signed an agreement to produce A320s in China in anticipation of large Chinese orders for the popular single aisle jet that seats 150 or more passengers."

No doubt Airbus needs the sales, Delays in the launches of some of its most important planes have hurt its sales, and its is suffering financially from the fall of the dollar. But, the China deal does seem to have a bit of an odor.

Boeing (BA) is probably not opening factories in China anytime soon. It will be interesting to see how much orders for its planes drop over the next decade, especially if Airbus moves more manufacturing to the big Asian country.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

"Did you buy It from the mob?": Dave Ramsey hosts floored by 21-year-old's 30% truck loan
Jeremy Phillips |

"Did you buy It from the mob?": Dave Ramsey hosts floored by 21-year-old's 30% truck loan
Half of America Still Feels Financially Exposed Despite 8% Jump in Security
David Beren |

Half of America Still Feels Financially Exposed Despite 8% Jump in Security

Continue Reading

Douglas A. McIntyre |

Chinese Aircraft Maker Gets First Orders (BA, EADSY, GE, AIRYY, ZNH, CEA, BDRBF, ERJ)

It’s probably too early to declare that there’s a new sheriff in town, but it’s not too early to keep…
Should Boeing Worry as China Preps Jetliner for First Flight?
Paul Ausick |

Should Boeing Worry as China Preps Jetliner for First Flight?

Chinese aircraft maker Comac has completed ground testing for its C919 passenger jet and plans to conduct first flight test…
Jon C. Ogg |

Boeing in China (BA, EADSY, AIRYY, ZNH, CEA, RYAAY)

The market for commercial airplanes in China is set to explode. At least that’s the prediction from a senior official…
China Aircraft Maker Delivers First Plane; No Direct Threat to Boeing, Airbus
Paul Ausick |

China Aircraft Maker Delivers First Plane; No Direct Threat to Boeing, Airbus

Comac has delivered the first ARJ21 regional jet to China's Chengdu Airlines. The ARJ21 is not considered a threat either…
Paul Ausick |

Chinese Airlines Commit $20.7 Billion for Boeing Planes: Reuters

courtesy Boeing Co.In an exclusive report from Reuters Friday morning, sources say that Boeing Co. (NYSE: BA) has received commitments…
Paul Ausick |

Why Boeing Lost a $17 Billion Order From China

Airbus has signed a general terms agreement worth $17 billion at list prices with a state-owned Chinese company for 130…
Paul Ausick |

China Places Order for 300 Boeing Jets

In a brief statement published Tuesday, Chinese news agency Xinhua said that a "group of Chinese companies" has signed an…
Douglas A. McIntyre |

Boeing Takes Names, Still Flying Into Headwinds (BA, EADSY, AIRYY)

The Boeing Co. (NYSE: BA) appears to have a little momentum coming off its big win over EADS (OTC: EADSY)…
Paul Ausick |

New Chinese Airline Orders 50 Boeing 737s

A new subsidiary of China's Juneyao Airlines has placed an order for 50 of Boeing's 737 and 737 MAX aircraft.…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618