At least two Boeing jets bound for China appear to have been returned to sender
At least two Boeing 737 Max jets marked for delivery to China appear to have been returned to the US, according to reporting by Reuters.
It’s unclear if the moves were initiated by Chinese airlines or the US jet maker, but they follow news last week that China ordered its carriers to stop taking Boeing deliveries amid the escalating trade war.
If the “tariff for a tariff” trade policy between the US and China continues, Boeing — which just started to turn around its delivery issues — could face major financial setbacks. The returned jets in question are worth about $55 million apiece, per estimates, and Boeing expects China to order $1.2 trillion worth of jets over the next 20 years.
China isn’t the only tariff headache for plane manufacturers. Both Delta Air Lines and Ryanair have said they won’t accept deliveries of tariff-inflated aircraft.
If the “tariff for a tariff” trade policy between the US and China continues, Boeing — which just started to turn around its delivery issues — could face major financial setbacks. The returned jets in question are worth about $55 million apiece, per estimates, and Boeing expects China to order $1.2 trillion worth of jets over the next 20 years.
China isn’t the only tariff headache for plane manufacturers. Both Delta Air Lines and Ryanair have said they won’t accept deliveries of tariff-inflated aircraft.
