00:00 Speaker a
Bloomberg, well, report here, George, you see. China has ordered its airlines to stop conducting any Boeing jets. George, what do you do? What does this mean in terms of Boeing’s financial impact for investors who are listening now? How important is China to Boeing?
00:29 George
Well, so it doesn't matter anymore. I don't think this will hinder Boeing's recovery. Well, we think they hope they will make a lot of progress this year. So, well, Chinese airlines have not ordered from Boeing since 2018. Well, now, Boeing has over 240 orders in its backlog of Chinese airlines. That's a backlog of 6,000, uh, planes. Therefore, a small proportion before the pandemic. China is the first bigger buyer before the Trump administration, and China usually takes between 150 and 180 Boeing aircraft a year. Well, because of the first batch, um, Trump, uh, you know, trade action, uh, and the pandemic, we do see China cut them, uh, they, you know, down from Boeing. Even for the total market, they only rode on 150 narrow body planes last year. Because of the slower GDP growth in the country, they are mainly from Airbus. So, I think there are a lot more, well, you know, here's a big title, but I don't think the effect will have much impact on Boeing.
