Latest news with #AviationFlightsGroup
Express Tribune
14-05-2025
- Business
- Express Tribune
China lifts ban on Boeing deliveries
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. photo: REUTERS Listen to article China has removed a ban on airlines taking delivery of Boeing planes after the United States and China agreed on a temporary cut in steep tariffs, Bloomberg News reported on Tuesday, 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 United States. 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% 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. Airlines in China contacted by Reuters did not respond to requests for comment. Beijing two weeks ago said Chinese airlines and Boeing had been severely affected by US-imposed tariffs. China represents about 10% 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 the 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 the aircraft tracking database Aviation Flights Group. China had already granted exemptions from the high tariffs to some aerospace equipment parts, including engines and landing gear, before Monday's agreement.
RTÉ News
24-04-2025
- Business
- RTÉ News
Chinese customers are rejecting new jets due to tariffs, Boeing confirms
Boeing's Chinese customers are refusing delivery of new planes built for them due to tariffs, the US planemaker has confirmed, as a third Boeing jet started returning to the US today. "Due to the tariffs, many of our customers in China have indicated that they will not take delivery," CEO Kelly Ortberg said during a first quarter earnings call yesterday. Ortberg said China was the only country where Boeing was facing this issue and the planemaker would redirect new jet supply to other customers eager for earlier deliveries due to a global shortage of new commercial planes. Before President Donald Trump's global trade offensive, commercial jets were traded duty-free worldwide under a 1979 civil aviation agreement. A Chinese airline taking delivery of a Boeing jet could now be hit hard by the retaliatory tariffs imposed by Beijing on the import of US goods. A new 737 MAX has a market value of around $55m, according to IBA, an aviation consultancy. Two 737 MAX 8s, which had been ferried to China in March for delivery to Xiamen Airlines, returned to Boeing's production hub in Seattle in the past week. A third 737 MAX 8 left Boeing's Zhoushan completion centre near Shanghai for the US territory of Guam today, data from flight trackers AirNav Radar and Flightradar24 showed. The plane was initially built for national carrier Air China, according to the Aviation Flights Group tracking database. Air China did not immediately respond to a request for comment. It had been ferried from Seattle on April 5, in the period between Trump first announcing tariffs on China and Beijing starting to enforce its own ramped up tariffs on US goods. Guam is one of the stops such flights make on the 5,000 mile journey across the Pacific between Seattle and Zhoushan, where planes are ferried by Boeing for final work and delivery to a Chinese carrier. The Chinese government has not commented on why the planes were being returned. Boeing's CFO Brian West said that China represents around 10% of Boeing's backlog of commercial planes. Boeing had planned to deliver around 50 new planes to China during the rest of the year, West said, and was assessing options for re-marketing the 41 already built or in-process airplanes. "For the nine airplanes not yet in the production system, we're engaged with our customers to understand their intentions for taking delivery and if necessary, we have the ability to assign those positions to other customers," Ortberg said. "We're not going to continue to build aircraft for customers who will not take them," Ortberg said. Tracking data from Aviation Flights Group shows 36 built aircraft for Chinese customers at various stages of production and testing are now in the US, including the three returned planes. Boeing data shows 130 unfilled orders for China-based airlines and lessors, including 96 of its best-selling 737 MAX model. Industry sources say a significant portion of the more than 760 unfilled orders for which Boeing has yet to name a buyer are for China. The tariff war comes as Boeing has been recovering from an almost five-year import freeze on 737 MAX jets into China and a previous round of trade tensions. West said the issue is a short-term challenge, and that either China starts taking planes again, or Boeing prepares the jets for re-marketing. "Customers are calling, asking for additional airplanes," he said. Washington signalled openness to de-escalating the trade war this week, stating that high tariffs between the US and China are not sustainable. However, analysts say that confusion over changing tariffs could leave many aircraft deliveries in limbo, with some airline CEOs suggesting they would defer plane delivery rather than pay duties.
Arab News
24-04-2025
- Business
- Arab News
Boeing confirms Chinese customers rejecting new jets due to tariffs
SEOUL: Boeing's Chinese customers are refusing delivery of new planes built for them due to tariffs, the US planemaker has confirmed, as a third Boeing jet started returning to the US on Thursday.'Due to the tariffs, many of our customers in China have indicated that they will not take delivery,' CEO Kelly Ortberg said during a first quarter earnings call on said China was the only country where Boeing was facing this issue and the planemaker would redirect new jet supply to other customers eager for earlier deliveries due to a global shortage of new commercial President Donald Trump's global trade offensive, commercial jets were traded duty-free worldwide under a 1979 civil aviation agreement.A Chinese airline taking delivery of a Boeing jet could now be hit hard by the retaliatory tariffs imposed by Beijing on the import of US goods. A new 737 MAX has a market value of around $55 million, according to IBA, an aviation 737 MAX 8s, which had been ferried to China in March for delivery to Xiamen Airlines, returned to Boeing's production hub in Seattle in the past week.A third 737 MAX 8 left Boeing's Zhoushan completion center near Shanghai for the US territory of Guam on Thursday, data from flight trackers AirNav Radar and Flightradar24 plane was initially built for national carrier Air China, according to the Aviation Flights Group tracking database. Air China did not immediately respond to a request for had been ferried from Seattle on April 5, in the period between Trump first announcing tariffs on China and Beijing starting to enforce its own ramped up tariffs on US is one of the stops such flights make on the 5,000-mile (8,000-km) journey across the Pacific between Seattle and Zhoushan, where planes are ferried by Boeing for final work and delivery to a Chinese Chinese government has not commented on why the planes were being bookCFO Brian West said that China represents around 10 percent of Boeing's backlog of commercial had planned to deliver around 50 new planes to China during the rest of the year, West said, and was assessing options for re-marketing the 41 already built or in-process airplanes.'For the nine airplanes not yet in the production system, we're engaged with our customers to understand their intentions for taking delivery and if necessary, we have the ability to assign those positions to other customers,' Ortberg said.'We're not going to continue to build aircraft for customers who will not take them,' Ortberg data from Aviation Flights Group shows 36 built aircraft for Chinese customers at various stages of production and testing are now in the US, including the three returned data shows 130 unfilled orders for China-based airlines and lessors, including 96 of its best-selling 737 MAX model. Industry sources say a significant portion of the more than 760 unfilled orders for which Boeing has yet to name a buyer are for tariff war comes as Boeing has been recovering from an almost five-year import freeze on 737 MAX jets into China and a previous round of trade said the issue is a short-term challenge, and that either China starts taking planes again, or Boeing prepares the jets for re-marketing.'Customers are calling, asking for additional airplanes,' he signaled openness to de-escalating the trade war this week, stating that high tariffs between the United States and China are not analysts say that confusion over changing tariffs could leave many aircraft deliveries in limbo, with some airline CEOs suggesting they would defer plane delivery rather than pay duties.
Zawya
24-04-2025
- Business
- Zawya
Chinese customers are rejecting new jets due to tariffs, Boeing confirms
SEOUL: Boeing's Chinese customers are refusing delivery of new planes built for them due to tariffs, the U.S. planemaker has confirmed, as a third Boeing jet started returning to the U.S. on Thursday. "Due to the tariffs, many of our customers in China have indicated that they will not take delivery," CEO Kelly Ortberg said during a first quarter earnings call on Wednesday. Ortberg said China was the only country where Boeing was facing this issue and the planemaker would redirect new jet supply to other customers eager for earlier deliveries due to a global shortage of new commercial planes. Before President Donald Trump's global trade offensive, commercial jets were traded duty-free worldwide under a 1979 civil aviation agreement. A Chinese airline taking delivery of a Boeing jet could now be hit hard by the retaliatory tariffs imposed by Beijing on the import of U.S. goods. A new 737 MAX has a market value of around $55 million, according to IBA, an aviation consultancy. Two 737 MAX 8s, which had been ferried to China in March for delivery to Xiamen Airlines, returned to Boeing's production hub in Seattle in the past week. A third 737 MAX 8 left Boeing's Zhoushan completion centre near Shanghai for the U.S. territory of Guam on Thursday, data from flight trackers AirNav Radar and Flightradar24 showed. The plane was initially built for national carrier Air China , according to the Aviation Flights Group tracking database. Air China did not immediately respond to a request for comment. It had been ferried from Seattle on April 5, in the period between Trump first announcing tariffs on China and Beijing starting to enforce its own ramped up tariffs on U.S. goods. Guam is one of the stops such flights make on the 5,000-mile (8,000-km) journey across the Pacific between Seattle and Zhoushan, where planes are ferried by Boeing for final work and delivery to a Chinese carrier. The Chinese government has not commented on why the planes were being returned. ORDER BOOK CFO Brian West said that China represents around 10% of Boeing's backlog of commercial planes. Boeing had planned to deliver around 50 new planes to China during the rest of the year, West said, and was assessing options for re-marketing the 41 already built or in-process airplanes. "For the nine airplanes not yet in the production system, we're engaged with our customers to understand their intentions for taking delivery and if necessary, we have the ability to assign those positions to other customers," Ortberg said. "We're not going to continue to build aircraft for customers who will not take them," Ortberg said. Tracking data from Aviation Flights Group shows 36 built aircraft for Chinese customers at various stages of production and testing are now in the U.S., including the three returned planes. Boeing data shows 130 unfilled orders for China-based airlines and lessors, including 96 of its best-selling 737 MAX model. Industry sources say a significant portion of the more than 760 unfilled orders for which Boeing has yet to name a buyer are for China. The tariff war comes as Boeing has been recovering from an almost five-year import freeze on 737 MAX jets into China and a previous round of trade tensions. West said the issue is a short-term challenge, and that either China starts taking planes again, or Boeing prepares the jets for re-marketing. "Customers are calling, asking for additional airplanes," he said. Washington signalled openness to de-escalating the trade war this week, stating that high tariffs between the United States and China are not sustainable. However, analysts say that confusion over changing tariffs could leave many aircraft deliveries in limbo, with some airline CEOs suggesting they would defer plane delivery rather than pay duties. (Reporting by Lisa Barrington; Editing by Jacqueline Wong)
RTHK
24-04-2025
- Business
- RTHK
Boeing admits Chinese airlines rejecting deliveries
Boeing admits Chinese airlines rejecting deliveries A Boeing 737 MAX 8, the first jet intended for use by a Chinese airline to be returned to the planemaker, sits at Boeing Field in Seattle. File photo: Reuters Boeing's Chinese customers are refusing delivery of new planes built for them due to tariffs, the planemaker has confirmed, as a third Boeing jet started returning to the United States on Thursday. "Due to the tariffs, many of our customers in China have indicated that they will not take delivery," CEO Kelly Ortberg said during a first-quarter earnings call on Wednesday. Ortberg said China was the only country where Boeing was facing this issue and the planemaker would redirect new jet supply to other customers eager for earlier deliveries due to a global shortage of new commercial planes. Before US President Donald Trump's global trade offensive, commercial jets were traded duty-free worldwide under a 1979 civil aviation agreement. A Chinese airline taking delivery of a Boeing jet could now be hit hard by the retaliatory tariffs imposed by Beijing on the import of US goods. A new 737 MAX has a market value of around US$55 million, according to IBA, an aviation consultancy. Two 737 MAX 8s, which had been ferried to China in March for delivery to Xiamen Airlines, returned to Boeing's production hub in Seattle in the past week. A third 737 MAX 8 left Boeing's Zhoushan completion centre near Shanghai for the US territory of Guam on Thursday, data from flight trackers AirNav Radar and Flightradar24 showed. The plane was initially built for national carrier Air China, according to the Aviation Flights Group tracking database. It had been ferried from Seattle on April 5, in the period between Trump first announcing tariffs on China and Beijing starting to enforce its own ramped up tariffs on US goods. Guam is one of the stops such flights make on the 8,000-kilometre journey across the Pacific between Seattle and Zhoushan, where planes are ferried by Boeing for final work and delivery to a Chinese carrier. Chief financial officer Brian West said China represents around 10 percent of Boeing's backlog of commercial planes. Boeing had planned to deliver around 50 new planes to China during the rest of the year, West said, and was assessing options for re-marketing the 41 already built or in-process airplanes. "For the nine airplanes not yet in the production system, we're engaged with our customers to understand their intentions for taking delivery and if necessary, we have the ability to assign those positions to other customers," Ortberg said. "We're not going to continue to build aircraft for customers who will not take them," Ortberg said. Tracking data from Aviation Flights Group shows 36 built aircraft for Chinese customers at various stages of production and testing are now in the United States, including the three returned planes. Boeing data shows 130 unfilled orders for China-based airlines and lessors, including 96 of its best-selling 737 MAX model. Industry sources say a significant portion of the more than 760 unfilled orders for which Boeing has yet to name a buyer are for China. The tariff war comes as Boeing has been recovering from an almost five-year import freeze on 737 MAX jets into China and a previous round of trade tensions. West said the issue is a short-term challenge, and that either China starts taking planes again, or Boeing prepares the jets for re-marketing. (Reuters)
