[Travel News]: Airbus, Boeing China airline orders backlog shrinking
TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: Airbus, Boeing China airline orders backlog shrinking from [Aviation Week] recommended by TheTourAttraction.com:
One-fifth of the airliners produced during the boom years of the 2010s were delivered to China.
In past years, whenever Boeing and Airbus highlighted how bright the future looked and how vast the growth opportunities were going to be, they would point east. As the number of Chinese middle-class travelers grew, the country’s airlines would buy lots of aircraft. As the Asian market continued to grow—and China’s in particular—the aviation center of gravity would shift eastward.
Although one-fifth of the airliners produced during the boom years of the 2010s were delivered to China, deliveries have virtually stopped and orders are shrinking as airlines around the world struggle with the COVID-19 pandemic’s fallout.
While Boeing and Airbus have been open to delivery deferrals, they have generally resisted order cancellations when possible to protect comfortable backlogs. In the case of China, however, there is not much left to protect to provide much comfort: Backlogs with both manufacturers are declining fast. And new commitments, which at least Airbus had hoped to conclude in 2021, are looking increasingly unlikely in the short term, if not the medium term.