Boeing’s mishandling of the MAX-8 crisis could well end up giving the Chinese a chance to do something that no other nation has successfully achieved: break the global duopoly in commercial airplanes of Boeing and Airbus.
Boeing is desperately trying to limit the damage to its reputation caused by two catastrophic MAX-8 crashes in five months. As it turns out, the greatest long-term harm to the company’s business is likely to be in China.
The Chinese were the first to ground the MAX-8 after the crash of Ethiopian Airlines Flight 302 in March and soon afterward the Chinese placed a massive $35 billion order for 300 jets from Airbus.
For more than a decade Boeing and Airbus have been competing to meet China’s seemingly insatiable appetite for