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4d ago

Boeing Faces Delivery Halt by China as Trade Tariffs Escalate

The aerospace giant plans to remarket 50 jets originally destined for China while reaffirming production goals and reporting improved financial results.

A Boeing 737 MAX 8, the second jet intended for use by a Chinese airline to be returned to its manufacturer, lands at Boeing Field, as trade tensions escalate over U.S. tariffs with China, in Seattle, Washington, U.S. April 22, 2025. REUTERS/David Ryder
FILE - Boeing 737 MAX airliners are pictured at the company's factory on Thursday, Sept. 12, 2024, in Renton, Wash. (AP Photo/Stephen Brashear, File)
Boeing 777 freighters and 777X are built at the Everett Production Facility in Everett, Washington, on June 26, 2024.
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Overview

  • China has stopped accepting Boeing aircraft deliveries due to retaliatory tariffs, impacting approximately 50 jets planned for 2025.
  • Boeing CEO Kelly Ortberg confirmed plans to remarket the affected planes to other global customers, citing strong demand for the 737 MAX.
  • The company reported a $123 million Q1 loss, significantly narrowed from the previous year's $343 million, alongside an 18% revenue growth to $19.5 billion.
  • Boeing reaffirmed its 2025 production targets, including 38 monthly 737 MAX units and seven Dreamliners, with the first 777-9 delivery expected in 2026.
  • A $10.55 billion sale of its digital aviation business to Thoma Bravo was finalized to strengthen its financial position amid ongoing trade tensions.