The controversial Boeing 737 Max jet is now back in the air, as travel is finally picking up and orders for new planes are being restarted. However, the U.S. manufacturer still faces a problem that could cripple the company for years to come. It is the trade tensions between the United States and China.
According to analysts, the Asian giant will account for a quarter of global commercial aircraft sales over the next 10 years. But currently only 1% of Boeing’s orders since 2017 are reported to have gone directly to buyers in that country, and since 2017 aircraft deliveries to China total less than 20% of Boeing’s total, CNN reported.
The challenge is greater, as along with India and Russia, China is one of the main markets in which the 737 MAX has yet to obtain authorization to fly.
Recall that China was the first country to ground the 737 MAX in March 2019 after two fatal crashes.
In May, Boeing CEO Dave Calhoun said the company expects China to lift its 737 MAX grounding order in the second half of 2021.