05 October 2008

Boeing Strike Claims Another Victim - V OZ Launch

V Australia has announced it is delaying launch of its operations due to the late delivery of aircraft. The 777s destined for the new airline are not quite ready to make it across the Pacific and are stuck down the line at the Everett plant.

The strike is not going anywhere fast.

The strike's impact (Boeing is one of the largest exporters in the USA by dollar value) is going to start showing up in the US balance of payments deficit at a time of year when imports often rise due to the pre-Christmas import of goods from China.

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