Further escalation of global trade relations is harmful to the entire aviation sector. Guillaume Faury of aircraft manufacturer Airbus warned about this. He also referred to American Airbus rival Boeing.
The United States and the European Union have threatened each other with billions of euros in import duties. The focus is on aviation, agricultural vehicles and food, among other things.
“These tensions and the trading situation are not an advantage for any player in the aviation sector,” said Faury. “We don’t think we’re losing more than the other players because of this situation.”
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.