After years of aggression, broken promises and falsehoods, most recently about the coronavirus outbreak, the Chinese government has finally begun to face the consequences of its misconduct. On behalf of industries that range from technology to pharmaceuticals, the United States is fighting back against the Chinese. Why then is it looking the other way as Chinese companies buy up the commercial aircraft that Americans fly?
After years of aggression, broken promises and falsehoods, most recently about the coronavirus outbreak, the Chinese government has finally begun to face the consequences of its misconduct. On behalf of industries that range from technology to pharmaceuticals, the United States is fighting back against the Chinese. Why then is it looking the other way as Chinese companies buy up the commercial aircraft that Americans fly?
In April, a company named BOC Aviation purchased twenty-two airplanes from United Airlines and leased them back to the carrier. The sale included Boeing 737-9 MAX and 787-9 planes that can be expected to serve in United’s fleet for two decades.
The previous month, American Airlines conducted a similar sale and leaseback of twenty-two of its own Boeing 787 aircraft. In May, Southwest Airlines sold ten of its Boeing 737-800 planes to the company and then leased them back as part of the deal.
A May 4 article in the Financial Times appropriately titled “BOC Aviation Taps Parent for Assault on Leasing Market” indicates that BOC Aviation is headquartered in Singapore. In fact, “BOC” stands for “Bank of China,” which is wholly owned by the Chinese government and is therefore tied inextricably with the Chinese Communist Party and its international aspirations.
nationalinterest.org/feature/china-buying-dozens-us-commercial-airliners-we-should-be-worried-163702