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Politics : The Arab-Israeli Solution -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (519)	5/17/2001 9:39:00 PM
From: Ben Wa	Read Replies (1) \| Respond to of 2279

He is trying to figure out if msg is a communist plot.

To: Hawkmoon who wrote (519)	5/17/2001 10:48:54 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 2279

Tuesday, May 15 7:28 PM SGT asia.biz.yahoo.com China Denies Suspending Boeing Deal Over US Spy Plane Row BEIJING (AP)--A spokesman for China's airline regulator denied a report Tuesday that the country has suspended a $1 billion purchase of Boeing Co. (BA) jetliners because of the collision of a U.S. Navy surveillance plane and a Chinese fighter jet. The Asian Wall Street Journal said China had put off buying at least 30 Boeing 737 New Generation planes for several carriers. Spokesmen for the regulator, the Civil Aviation Administration of China, and the country's three biggest commercial carriers - Air China, China Eastern and China Southern - said they had heard of no such decision. Ma Songwei, a CAAC spokesman, said he had asked other Chinese officials about the Journal report and none had heard of such a postponement. The Journal cited an unnamed executive of a Western aircraft-leasing firm who said the deal had been put off because of the April 1 collision, which killed the Chinese fighter pilot and threatened to sour U.S.-China relations. Chinese airliners were scrambling to line up leased aircraft to make up for the lost capacity, the report said. A Boeing Co. spokesman in Hong Kong, Mark Hooper, declined to comment on the report, saying dealings with customers were confidential. Boeing issued a written statement saying, "Airplane purchase decisions are complex and involve a PRC government approval process. As for the sale of Boeing products to China, we cannot speculate on how or when decisions will be made." Major foreign purchases by China frequently involve lengthy and complex negotiations and can be affected by politics. Beijing has on occasion revoked deals to punish governments for dealings with rival Taiwan or other actions. The signing of contracts to buy jetliners and other big-ticket items is sometimes timed to coincide with meetings with foreign leaders. Aircraft makers regard China as one of the world's most promising markets, but turmoil in the industry has made sales prospects uncertain. Chinese airlines suffer from a glut of overcapacity that threatened several with bankruptcy. They are under government pressure to improve their competitiveness through a series of mergers, which would cut the number of potential aircraft buyers. Boeing signed contracts last year to sell Chinese carriers nine jetliners, and this year sold two 747-400 jumbo jet freighters to China Southern, according to Hooper. The list price for the freighters starts at $185.5 million.