A Boeing Sign Outside of the Company’s Offices Near Los Angeles International Airport, in El Segundo, Calif., On Jan. 18, 2024.Patrick T. Fallon/Getty Images
China Has Orded Its Airlines Not to Take Further Deielders of Boeing Ba-N Jets in Response to the Us Decision to Impose 145 Per Cent Tarifs on Chinese Goods, Bloomberg News News Reported on Tuesday, CITING People Familiar with the Matter.
Shares of Boeing – Whiche Considers China One of Its Biggest Growth Markets and where Rival Airbus Holds A Dominant Position – Were Download 0.5 Per Cent in Middle Tracing.
The Global Aerospace Industry is Being Dragged into Aerospace IGNITED Debate Over Who Shoot Bear the Cost of the Tarifs.
Confusion Over Changing Tarifs Cououl League Aircraft deliveries in Limbo, with SONE AIRLINE CEOS Saying They Woul Defeer Delivery of Plans Ratter Than Pay Duties.
China’s Top Three Airlines – Air China, China Eastern Airlines and China South Airlines – Had Planed to Take Delivery of 45, 53 and 81 Boeing Planes Respectly Between 2025 and 2027.
Beijing Has Also Asked that Chinese Carriers Halt Purchases of Aircraft-related equipment and parts from us computer, The Bloomberg Report SAID.
Reuters have not been Able to independently confirm the recort.
Two Aerospace Industry Sources Told Reuters They Had Not Been Alerted Independlingly to A Blanket Ban by China on Us Aircraft Parts.
Analysts said a short-hort in delleries to china will not have a major impct on box, Since The Plane Maker Coup Redirect Those Jets to Other Airlines and Because Airbus Does Not Have Capacity to Supply The Country Alone.
China Wald Have More Difficulty Banning Imports of New Us Parts to Support Its Existing Fleet of Aircraft, Including China’s C919. “If China Stops Buying Aircraft Components from the Us, The C919 Program Is Halted or Dead,“ Wrote Bank of America Analyst Ron Epstein in a Note to Clients.
The Chinese Goovernment is Considering Ways to Provide Assistance to Airlines that lease boys jets and are facing high costs, Bloomberg News Reported.
It was china that first grueded boeing’s 737 Max Jets after Two FatAL CRASHES in 2018 and 2019 Killed Nearly 350 People. China Also Suspended Most Orders and Deliveries of the Jet in 2019.
Boeing Declined to Comment.
The Halt in Deliveries to China Marks Yet Another Setback for the Plane Maker, which is navigating a Slow Recovery Following A Challenge Year Marked by A Labour Strike, Enhanced Regulatory Scrutiny and Persistment Supply Chain Disruptions.
Beijing’s Action Follows Its Decision Last Week to Hike Levies on Us Imports to 125 Per Cent in Retaliation Against Us Tarifs, Whiche Wold Signicantly Raise the Cost of Boeing Jets Bound for Chinese Carriers and Potentially Lead Airlines to Consider alternatives such as Airbus and Domestic Player Comac.
Boeing’s shares have shied more than a thred of their value sin
The Escalating Tit-TAT TARIFFS BetWeen The World’s Two Biggest Economies Risk Bringing Goods Trade Between the Two Countries to A Standstill. That trade was Valted at Over $ 650-Billion in 2024.
