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China Causing Headwinds for Boeing

By Don Dion

About this article:
Big developments in the in the airliner industry will likely have a huge influence on ETFs that are heavily weighted in Boeing. These funds include iShares Dow Jones U.S. Aerospace & Defense Index Fund and PowerShares Aerospace & Defense Portfolio. The bad publicity following Boeing's Dreamliner 787 aircraft may not let up anytime soon. Although the company insists that the manufacturing issues surrounding the jet have been resolved and that it is expected to take flight at the end of this year, one of its largest markets is now insisting on delaying its delivery. Domestic carriers in China are currently in talks about postponing the delivery of the Dreamliners, in the hope of reducing costs for the plane. The delay, however, is the not the only issue facing Boeing. China has recently made a huge push to develop its own commercial airliner to challenge the...

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