Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
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 to resume airplane deliveries to China next month, ramp up Max production, CEO says

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
FacebookTwitterGoogle +Pinterest
previous post
Top Sectors to Watch + The 18 SMA Setup Every Trader Should Know
next post
Trump’s Nuclear Revival Plan Boosts Uranium Prices, Sends US Miners Soaring

Related Posts

Comcast and Harris Blitzer to build new NBA,...

January 14, 2025

Tesla shares plunge 15%, steepest drop in five...

March 12, 2025

Walmart is laying off and relocating hundreds of...

May 16, 2024

U.S. markets close sharply lower — but some...

August 7, 2024

UnitedHealth says it is facing DOJ investigation over...

July 25, 2025

Some tariff concessions from Canada and Mexico touted...

February 7, 2025

Stellantis laying off 2,450 plant workers due to...

August 10, 2024

Tesla’s Cybertruck recalled for a fourth time over...

June 27, 2024

UnitedHealth CEO suddenly steps down for ‘personal reasons’

May 14, 2025

Trump says it’s ‘highly unlikely’ he will fire...

July 18, 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

    • Sydney Sweeney jeans controversy making advertising great again

      August 10, 2025
    • Nagasaki mayor issues chilling warning on 80th anniversary of atomic bombing

      August 10, 2025
    • Kash Patel celebrates major FBI achievements and record seizures during Trump’s first 200 days in office

      August 10, 2025
    • Trump nominates State Department spokeswoman Tammy Bruce as UN deputy representative

      August 10, 2025
    • White House responds to surge in Christian persecution crisis across sub-Saharan Africa

      August 10, 2025

    Categories

    • Business (1,058)
    • Investing (2,793)
    • Politics (3,438)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 © 2025 sportinvestorsleague.com | All Rights Reserved