U.S.-China trade tensions would hurt aviation growth: Airbus China CEO

Devdiscourse News Desk | China, United States

Updated: 06-11-2018 12:08 IST | Created: 06-11-2018 11:28 IST

Airbus has been trying to unlock talks with China over a long-delayed deal to sell up to 180 jets, and its board in September held an unusual meeting in China. 

Europe's Airbus SE indicated on Tuesday that it did not expect a sales windfall from trade tensions between China and the United States, with the manufacturer's China head saying there would be "no winner" from a prolonged economic conflict.

Airbus China CEO George Xu said such tensions would hurt aviation growth by depressing middle-class incomes.

"I am Chinese and we don't like this kind of trade war," Xu said at a news conference. "Nobody will be the winner in this kind of trade war."

Airbus has been trying to unlock talks with China over a long-delayed deal to sell up to 180 jets, and its board in September held an unusual meeting in China.

(With inputs from agencies.)

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World NewsAir ChinaCouncil of Europe Development BankEuropeStateX. George XuUnited States Department of StateUnited States Secretary of StateAirbusCouncil of EuropeReuters NewsFlag of ChinaUnited StatesChief executive officerEconomy of ChinaChina–United States relationsChina

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