Boeing May Be Glad It Missed The Plane To China
For months, Western aerospace companies have been falling over one another to become a partner in a Chinese project to build a 100-seat jet. In April, with U.S.-China relations tense, Chinese Premier Li Peng traveled to France and announced the winner: Beijing would sign a memorandum of understanding with a European consortium rather than Boeing Co., the leading U.S. contender. Politics, the Seattle giant says, cost it a lucrative deal.
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