Playing hardball the Chinese way

The Chinese don’t like the gouging by the EU in taxing airline emissions. They warned Europe that they wouldn’t pay them and the Europeans didn’t listen. So the Chinese have given them a real world wake up call:

China is blocking orders for at least US$12 billion ($14.5 billion) worth of Airbus jets to protest against the European Union’s emissions trading fees, in a new challenge to the programme aimed at fighting global warming, the planemaker said yesterday.

With some analysts warning of a brewing trade war, Airbus spokesman Stefan Schaffrath said his company was seeing “retaliation threats” from 26 countries, “in particular from China”.

He said 35 orders by Chinese airlines for A330 planes are on hold because China’s Government was refusing to approve them. Orders for a further 10 A380 superjumbos were also under threat, and the combined list prices of the aircraft was US$12 billion. “The economic impact is real,” he said.

Boeing will be licking their lips in anticipation…I bet they have already sent in their deal maker to further undermine the Frogs.

Anytime soon the EU will realise that taxing air isn’t a viable proposition for long term economic viability.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.