Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Business Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says
Business

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

by admin May 30, 2025
May 30, 2025

Boeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.

Ortberg had said last month that China had paused deliveries.

“China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.

Boeing, a top U.S. exporter whose output of airplanes helps soften the U.S. trade deficit, has been paying tariffs on imported components from Italy and Japan for its wide-body Dreamliner planes, which are made in South Carolina, Ortberg said, adding that much of it can be recouped when the planes are exported again.

“The only duties that we would have to cover would be the duties for a delivery, say, to a U.S. airline,” he said.

Regarding the rapidly changing trade policies that have included several pauses and some exemptions, Ortberg said, “I personally don’t think these will be … permanent in the long term.”

He reiterated that Boeing plans to ramp up production this year of its best-selling 737 Max jet, which will require Federal Aviation Administration approval.

The FAA capped output of the workhorse planes at 38 a month last year after a door plug that wasn’t secured when it left Boeing’s factory blew out midair in the first minutes of an Alaska Airlines flight.

Ortberg said the company could produce 42 Max jets a month by midyear and assess moving up to 47 a month about half a year later.

The company’s long-delayed Max 7 and Max 10 variants, the largest and smallest planes in the narrow-body family, are scheduled to be certified by the end of the year, he said.

Many airline executives have applauded Ortberg’s leadership since he took the reins at Boeing last August, tasked with stemming years of losses and ending reputational and safety crises, including the impact of two fatal Max crashes.

CEOs have long complained about delivery delays from the company that left them short of planes during a post-pandemic travel boom.

“I do think Boeing has turned the corner,” United Airlines CEO Scott Kirby told CNBC’s “Squawk Box” earlier Thursday. He said supply chain problems are limiting deliveries of new planes overall.

“We over-ordered aircraft believing the supply chain would be challenged,” he said.

This post appeared first on NBC NEWS

0
FacebookTwitterPinterestEmail
previous post
Hundreds of starving Palestinians storm Gaza food warehouse in deadly incident, says UN agency
next post
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

Related Posts

Elon Musk’s Neuralink raises $650 million in fresh capital

June 4, 2025

Uber delivery chief Gore-Coty is leaving after almost 13 years...

June 4, 2025

Dollar General is shaking off tariff fears and winning over...

June 4, 2025

Tesla’s robotaxi launch in tech-friendly Austin has Musk playing catch-up...

June 4, 2025

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

Peloton launching resale market for used bikes, treadmills

June 4, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Lost dog returns home after swimming to island in 100-mile trip

      June 4, 2025
    • Aid distribution in Gaza has turned deadly. Here’s what to know

      June 4, 2025
    • Mexico’s ruling party expands power in Supreme Court after elections marred by low turnout

      June 4, 2025
    • Chile prosecutes individuals alleged to have stolen babies

      June 4, 2025
    • As Ukraine batters Russia with daring assaults, firebrand pro-Kremlin pundits rattle nuclear sabers

      June 4, 2025

    Categories

    • Business (1,388)
    • Investing (3,380)
    • Politics (4,526)
    • World (4,441)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing