Boeing CEO confirms China ‘stopped taking delivery’ amid Beijing-Washington tariff row – Times of India

Boeing on Wednesday stated that China has “stopped taking supply” of its plane, as tensions between Washington and Beijing over tariffs proceed to disrupt the worldwide aviation market.
The corporate will now start advertising and marketing the planes to different airways after Chinese language carriers returned the planes, Aerospace large CEO Kelly Ortberg stated in an interview with CNBC.
Boeing could be “fairly pragmatic” find various patrons for the aircrafts, he added.

The remarks got here after stories of a number of Boeing 737 MAX jets, initially sure for Chinese language airways, had been flown again to the USA. One such plane, destined for Xiamen Airways, made an unplanned return to Boeing Subject in Seattle on Sunday.
The shift got here after US President Donald Trump raised tariffs on Chinese language imports to 145% earlier this month to which the latter retaliated with its personal 125% tariffs on US-made items, together with aircrafts. The choice rendered Boeing’s bestselling 737 MAX, with a market worth of round $55 million, far much less reasonably priced for Chinese language airways.
The monetary strain reportedly pushed Beijing to contemplate measures to assist its home carriers, particularly these leasing Boeing jets.
The corporate reported a narrower-than-anticipated loss of $123 million for the primary quarter, with revenues rising 18% to $19.5 billion.
In an earnings assertion, Ortberg stated the numbers present the corporate is “transferring in the fitting course.”
Boeing additionally reaffirmed plans to spice up plane manufacturing, stating it would elevate month-to-month output of the 737 MAX to 38 by 2025, and enhance 787 Dreamliner manufacturing from 5 to seven per thirty days.