China's reported order would effectively block Boeing from one of the world's largest airline markets. Bloomberg said the country was expected to account for 20% of global aircraft demand over the coming decades.
The effects are likely to be felt immediately. Boeing still has several completed planes meant for delivery to China. Those familiar with the matter told Bloomberg that some of these paid-for jets could be allowed into China on a case-by-case basis.
The development might end up as welcome news for Airbus. The European competitor has slowly overtaken Beijing in Chinese fleets, a role that could deepen. The firm's American depository receipts are down roughly 2% for the year.
