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7/28, 4:40 PM (Source: TeleTrader)
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Boeing CEO optimistic despite tensions with China

Boeing chief executive officer Dave Calhoun shared in an interview with CNBC on Wednesday that he remains optimistic in regards to the Chinese market even though "'bigger tensions with China are going to be what they are going to be."

Calhoun noted that Boeing needs to revive orders from China by mid-2022 to fully recover its air travel and to secure the supply chains, as well as 1 million manufacturing jobs. The company reportedly hasn't received a direct jetliner order from China in 4 years and according to an internal memo, heavily depends on US-China trade relations.

Additionally, following an optimistic earnings report release, Calhoun added that the spread of the Delta variant of the COVID-19 virus is "not helpful", but he believes it won't have severe consequences on the air travel business. In terms of virus transmission, the plane cabin is the safest place to be in, Boeing CEO said.

Breaking the News / LH