China Airlines close to split order for 20 passenger jets between Airbus and Boeing.

Info via Reuters:

• Taiwan’s China Airlines is close to deciding a multi-billion-dollar order for long-distance passenger jets, potentially split between Airbus and Boeing.
• The order for freighters is still under consideration, influenced partly by the U.S. presidential election outcome.
• The decision follows Donald Trump’s return to the U.S. presidency, with Taiwan aiming to maintain strong U.S. ties.
• The airline is considering Boeing’s 777X and Airbus A350-1000 to replace its 10 Boeing 777-300ERs and support future expansion.
• Industry sources indicate China Airlines could order up to 20 passenger jets, possibly split between Airbus and Boeing, with the deal estimated at nearly $4 billion after discounts.
• The final decision awaits board approval.
• China Airlines stated that fleet planning is based on market demand, corporate development, and technical and commercial evaluations.
• Airbus and Boeing declined to comment on the matter.
• Aircraft deals often factor in political considerations, especially for Taiwan, which faces pressure from China over sovereignty claims.
• The U.S. is a key backer and arms supplier to Taiwan, despite no formal diplomatic ties, and the Taiwan government is the majority owner of China Airlines.

This article was written by Eamonn Sheridan at www.forexlive.com.