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Boeing CEO says China not accepting planes over US tariffs
Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war.
Boeing’s CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company’s shares surged following a smaller than expected loss. Photo: Jeffrey S.S./Pexels.In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had “stopped taking delivery of aircraft due to the tariff environment,” adding that if the halt continued, the aviation giant would soon market the jets to other carriers. Boeing on Tuesday announced plans to sell portions of its digital aviation solutions business to software-focused investment firm Thoma Bravo for $10.6 billion as it seeks to bolster its financial position.
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