Chinese Airlines Hit With Rising Costs Due to U.S. Trade Quarrel

By | Posted:

Qilai Shen

Travellers walk through a terminal overlooking an Air China jet at the Beijing Capital International Airport in 2016. Chinese airlines ordered more than $100 billion of planes from Airbus and Boeing in the past decade. A trade war makes paying those bills harder. Qilai Shen

Skift Take: The Chinese yuan has depreciated 5 percent against the U.S. dollar, making airline purchases of aircraft and payments of debts and leases costlier. Don't expect bold moves from them until the prospect of a trade war fades.

— Sean O'Neill

Read the Complete Story On Skift

Read Article