Lin Zhijie: Boeing and Aviation Industry

lin zhijie: More than 40 countries including Turkey, Germany and France have joined the ban on flying the Boeing 737 Max aircraft after two crashes within five months, showing a global rebellion against the US manufacturer's most popular plane, according to Global Times China. Boeing shares sank 6.15 percent on Tuesday after losing 5.3 percent on Monday, wiping out billions in market capitalization. Photo VCG Wide-spreading bans on the Boeing 737 Max have triggered worries throughout the aviation industry, where insiders said the longer the suspension, the bigger the resulting losses. If the planes are grounded for more than one or two months, production may be affected, hurting Boeing's manufacturing subcontractors, Lin Zhijie, a veteran market watcher, told the Global Times on Wednesday, adding that deliveries of new aircraft could stop while the planes are grounded. More than 35 Chinese companies are direct suppliers to Boeing, producing such components as the rear fuselage section and front boarding gates. Chinese companies have participated in the production of almost all Boeing models, including the 737, 747, 767, 777 and 787 series. (news.financializer.com). As reported in the news.