Boeing Co. (NYSE: BA) and Airbus go toe to tor for nearly very major commercial airline contract in the world. They haul each other into court by universal trade practice questions. For pure blood sport, the competition can hardly be matched.

Over the course of the final week, the battle amoung the two companies moved up a notch as the Air Force gave a $35 billion tanker program to Northrop Grumman Corp. (NYSE: NOC) and EADS, the parent of Airbus. Members of Congress may try to keep the deal with Boeing, and the issue should be messy for several months.

While Boeing and Airbus beat the living daylights out of one another, China is planning to start to build its own large commercial aircraft. China is one

of the biggest markets for the two airplane company leaders, and as the need of big jets there increases, the Asian company was going to be a meal ticket that might final for decades.

Things are not going as planned. According to The Wall Street Journal (subscription required), “China has confirmed plans to set up a company to produce large passenger airplanes.” The paper plus writes that Boeing thinks China will need by 3,300 new jets by 2026.

China could be making its own planes by soon after, leaving Boeing and Airbus to bicker by military contracts.

Douglas A. McIntyre is an editor at 247wallst.com.

Original post by Douglas McIntyre

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