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Chinese airlines are refusing to take delivery of Boeing aircraft amid the ongoing trade standoff between the United States and their country.
Boeing CEO Kelly Ortberg told CNBC on Wednesday that his company had three 737 Max airplanes in China ready for delivery. Boeing has since flown two of the planes back to the U.S. and plans to bring the third one back soon.
“They have in fact stopped taking delivery of aircraft due to the tariff environment,” Ortberg said.
“We have roughly 50 airplanes in our plan this year going into China, so we’re going to be pretty pragmatic with what we do here,” he continued. “For those airplanes that haven’t been built yet, we’ll be looking to maybe redirect those to other customers.”
“For the airplanes that have been built, we call it remarketing. There’s plenty of customers out there looking for the Max aircraft in particular,” Ortberg said. “We’re not going to wait too long. I’m not going to let this derail the recovery of our company.”
Earlier this month, President Donald Trump raised baseline tariffs on Chinese imports to 145 percent and Beijing retaliated with a 125 percent tariff on U.S. goods, according to Reuters…
READ FULL ARTICLE HERE… (thegatewaypundit.com)
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