Safran says China grants tariff exemptions for jet engines and parts
PARIS, April 25 (Reuters) - China has granted exemptions from import tariffs for some aircraft parts including engines, the head of French engine maker Safran (SAF.PA), opens new tab said on Friday.
"We learned last night that China has taken the decision not to tax engines or landing gear or nacelles - in other words a certain number of aerospace equipment parts," CEO Olivier Andries told reporters on first-quarter results call.
"It demonstrates that the situation is very fluid."
Together with GE Aerospace (GE.N), opens new tab, Safran co-produces LEAP jet engines for the most-used Boeing (BA.N), opens new tab and Airbus (AIR.PA), opens new tab narrow-body jets as well as China's COMAC C919 jetliner.
The French CEO's comments follow signs that China is considering offering exemptions from its 125% tariffs to some U.S. imports.
China's Ministry of Commerce is collecting lists of items that could granted exemptions from tariffs and is asking companies to submit their own requests, Reuters reported earlier, citing an anonymous source.
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