China lifts Boeing delivery ban as tariff war cools: Report
China has removed a ban on airlines taking delivery of Boeing planes after the United States and China agreed a temporary cut in steep tariffs, Bloomberg News reported on Tuesday (May 13), citing sources familiar with the matter.
Officials in Beijing have started to tell domestic carriers and government agencies this week that deliveries of aircraft made in the US can resume, Bloomberg said.
Last month, at least three jets at Boeing's delivery centre in China were repatriated by Boeing to the US.
Bloomberg News a month ago reported that Boeing faced a Chinese ban on imports as part of a trade war between the world's two biggest economies.
Beijing has not commented on why Boeing deliveries stopped and senior industry sources told Reuters they were not aware of formal instructions against taking Boeing planes.
Boeing last month said customers in China would not take delivery of new planes due to tariffs, and it was looking to resell potentially dozens of aircraft.
On Monday, Washington and Beijing agreed to slash reciprocal tariffs of over 100 per cent during a 90-day negotiation period following weekend talks in Geneva.
Boeing declined to comment on the Bloomberg report. China's Civil Aviation Administration did not respond to a request for comment.
Beijing two weeks ago said Chinese airlines and Boeing had been severely affected by US-imposed tariffs.
China represents about 10 per cent of Boeing's commercial backlog and is an important and growing aviation market.
Boeing executives said during the company's first-quarter earnings call that the company had planned for 50 jets to go to Chinese carriers this year, with 41 in production or pre-built.
While Boeing had said other airlines are interested in taking rejected Chinese planes, the planemaker has hesitated to send the jets elsewhere despite being keen to bring down high inventory levels.
Seating, for one, was an obstacle since seats were chosen and purchased by the Chinese airlines.
Chinese customers are expected to take 25 out of 30 remaining 737 MAX jets built before 2023 that have not yet been delivered, Boeing said.
At least four 777 freighter planes are also in production for Chinese carriers, according to a source familiar with the matter and aircraft tracking database Aviation Flights Group.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Independent Singapore
2 hours ago
- Independent Singapore
Hiring slows at Singapore banks: ‘Even replacements don't match attrition,' says recruiter
Photo: Freepik/freestockcenter SINGAPORE: Singapore banks are pulling back on hiring, with only one new hire for every two who resign, as firms hold off on spending to stay liquid, said Ken Ong, managing director at Morgan McKinley Singapore, as reported by the Asian Business Review. He pointed out that 'Even the volume of replacement is not in proportion to the attrition level.' He also expects slow bank hiring to continue this year, with most roles limited to contract and project-based work amid a flat economic outlook, though relationship managers and roles in wealth management and family offices are still in demand. 'When they look at that sort of projection, then they will also take a step backwards from hiring for a replacement role,' he said, with many holding off to stay more agile with cash flow and to ensure they have 'a bit of a cushion'. The bigger issue, he added, is that most firms are simply being very cautious. 'Bulge bracket banks are not hiring as many,' Mr Ong said, adding that while this is the case, second-tier banks, specifically Asian banks, are still hiring select roles to boost their cybersecurity, cloud investment, and data analytics. Banks are also using contract work to assess potential hires before offering full-time roles as a way to 'validate performance, 'Mr Ong said. On the other hand, new hires are choosing contract roles to explore different career paths. Mr Ong said many no longer feel the pressure to specialise early in their careers and instead want broader exposure before deciding what area to focus on. He also mentioned bankers moving into fintech and some roles from Hong Kong being shifted to Singapore. /TISG Read also: Aspiring accountants can now earn both professional and academic qualification in one study path
CNA
2 hours ago
- CNA
Japan Hour - Gaia Series 91: Business Hotel Wars - Assassins from different industries
Business hotels face off in Japan's heated hospitality scene, as family-run disruptors and retail giants battle luxury chains with bold strategies, from saunas to seafood breakfasts.
CNA
4 hours ago
- CNA
India launches inspection of Boeing 787s after Air India crash
AHMEDABAD/NEW DELHI: India's government is urgently inspecting all Boeing 787s after a devastating Air India crash that claimed at least 270 lives this week, the aviation minister said on Saturday (Jun 14), adding that the authorities were investigating all possible causes. The aviation regulator on Friday ordered Air India to conduct additional maintenance checks on its Boeing 787-8/9 aircraft equipped with GEnx engines, including assessments of certain take-off parameters, electronic engine control tests and engine fuel-related checks. "We have also given the order to do the extended surveillance of the 787 planes. There are 34 in our Indian fleet," aviation minister Ram Mohan Naidu told a media briefing in New Delhi. "Eight have already been inspected and with immediate urgency, all of them are going to be done." Air India operates 33 Boeing 787s, while rival airline IndiGo has one, according to data from Flightradar24. The planes, however, have not been grounded, but a source on Friday told Reuters the Indian government was considering that as an option. Naidu also said the government will look at all possible theories of what led to the crash. Air India and the Indian government were looking at several aspects of the crash, including issues linked to its engine thrust, flaps, and why the landing gear remained open as the plane took off and then came down, Reuters has reported. The Boeing 787-8 Dreamliner with 242 people on board bound for Britain's Gatwick Airport began losing height seconds after takeoff on Thursday and erupted in a fireball as it hit buildings below, in what has been the world's worst aviation disaster in a decade. At least 270 bodies have been recovered from the site of the plane crash, Dhaval Gameti, president of the Junior Doctors Association at BJ Medical College, told reporters. Only one of the 242 passengers and crew onboard survived while others were killed as the plane struck the medical college's hostel as it came down. The crisis has cast a shadow on Air India, which has for years struggled to rebuild its reputation and revamp its fleet after the Tata Group took over the airline from the Indian government in 2022. Tata's chairman said on Friday the group wants to understand what happened, but "we don't know right now". Naidu said a government panel was investigating the crash and will issue a report within three months. "We are going to improve every necessary thing that is going to come our way, to improve the safety," he said at the briefing, declining questions from journalists. LONG WAIT FOR FAMILIES Dozens of anxious family members have been waiting outside an Ahmedabad hospital to collect bodies of loved ones killed in the crash, as doctors were working overtime to gather dental samples from the deceased to run identification checks and DNA profiling. Rafiq Abdul Hafiz Memon, who lost four relatives in the incident, said he was not getting any answers from authorities and was "very hassled". "We have lost our children ... we are not understanding anything. Please help us get information about our children. Tell us when they are going to release their bodies," Memon said. Another father was upset about not being able to get the body of his son, Harshad Patel, saying he was told by authorities it will take 72 hours for DNA profiling. "The authorities are trying to help but our patience is running out," he said. Most bodies in the crash were badly charred and authorities are using dental samples to run identification checks. Jaishankar Pillai, a forensic dentist, told reporters on Friday they had the dental records of 135 charred victims, which can then be matched through reference to victims' prior dental charts, radiographs or other records. Even for doctors, things are getting difficult, as the plane struck a hostel building of the BJ Medical College, where many of the dead are undergoing identification checks. "Most of us are struggling with our emotions and are mentally disturbed because of the loss of friends and colleagues," said one doctor who did not wish to be named.
