Boeing CEO says China has stopped taking its aircraft amid trade war – CNBC
2025-04-23T14:00:23Z
CEO Kelly Ortberg said that a few 737 Max planes that were in China set to be delivered to carriers there have been flown back to the U.S.
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China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods. Bloomberg | Bloomberg | Getty Images
Boeing could hand over some of its aircraft that were destined for Chinese airlines to other carriers after China stopped taking deliveries of its planes amid a trade war with the United States. “They have in fact stopped taking delivery of aircraft due to the tariff environment,” Boeing CEO Kelly Ortberg told CNBC’s “Squawk on the Street” on Wednesday. Ortberg said that a few 737 Max planes that were in China set to be delivered to carriers there have been flown back to the U.S.
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He said some jets that were intended for Chinese customers, as well as aircraft the company was planning to build for China later this year, could go to other customers. “There’s plenty of customers out there looking for the Max aircraft,” Ortberg said. “We’re not going to wait too long. I’m not going to let this derail the recovery of our company.” The CEO’s comments came after Boeing reported a narrower-than-expected loss for the first quarter and cash burn that came in better than analysts feared as airplane deliveries surged in the three months ended March 31.
Kelly Ortberg, CEO of Boeing, speaking on CNBC’s Squawk Box on Jan. 28th, 2025. CNBC
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