Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Padres vs. Brewers Highlights | MLB on FOX

    SpaceX CEO Elon Musk on the next giant leap for mankind

    Premier Primary Care to Celebrate Grand Opening in Urbana, MD with Ribbon Cutting and Community Open House

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Pinterest VKontakte
    Sg Latest NewsSg Latest News
    • Home
    • Politics
    • Business
    • Technology
    • Entertainment
    • Health
    • Sports
    Sg Latest NewsSg Latest News
    Home»Business»China says willing to cooperate with US firms after Boeing spat
    Business

    China says willing to cooperate with US firms after Boeing spat

    AdminBy AdminNo Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Among airlines that are willing recipients of the aircraft rejected by the country is Air India

    Published Tue, Apr 29, 2025 · 01:11 PM

    [HONG KONG] China is willing to support normal cooperation between US companies, the country’s Ministry of Commerce said on Tuesday (Apr 29), just days after Chinese airlines rejected taking delivery of any new jets from US planemaker Boeing.

    Officials in Beijing acknowledged that tariff hikes implemented by US President Donald Trump have disrupted the global air transport market, and both Chinese airlines and Boeing have been severely affected. As a result, China hopes the US can create a stable and predictable environment for normal trade and investment activities, according to Tuesday’s statement.

    China earlier this month ordered its airlines not to take any further deliveries of Boeing jets as part of the tit-for-tat trade war that’s seen Trump levy tariffs of as high as 145 per cent on Chinese goods. The order came after China unveiled retaliatory tariffs of 125 per cent on American goods, levies that would have more than doubled the cost of US-made aircraft and parts, making it impractical for Chinese airlines to accept Boeing planes.

    Boeing chief executive officer Kelly Ortberg confirmed last Wednesday that China has stopped taking deliveries of any planes and said the planemaker is prepared to find alternative buyers for China-bound aircraft.

    “We are in close communication with our China customers and we are actively assessing options for remarketing already built or in process airplanes,” Ortberg said during Boeing’s earnings call.

    The move has left in doubt the fate of about 50 jets that were slated to go to China this year. Boeing has since begun flying 737 Max jets that were refused by Chinese airline customers back to the US.

    Among airlines that are willing recipients of the aircraft rejected by China is Air India. Through the end of last month, the Indian airline had accepted 41 737 Max jets originally built for Chinese airlines, and the carrier has signalled it’s eager to take more, Bloomberg has reported.

    An olive branch from Beijing would be a boon for Chinese airlines, many of whom had been relying on Boeing jets for their expansion plans. China is forecast to make up 20 per cent of global aircraft demand over the next two decades and in 2018, nearly a quarter of Boeing’s output ended up there. BLOOMBERG

    Share with us your feedback on BT’s products and services

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Group CEO Ng Chin Siau increases his stake in Q & M

    Keppel DC Reit set to join STI from Jun 23

    Trump’s tariffs could pay for his tax cuts — but it likely wouldn’t be much of a bargain

    Romancing the ruby – CBS News

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Microsoft’s Singapore office neither confirms nor denies local layoffs following global job cuts announcement

    Google reveals “material 3 expressive” design – Research Snipers

    Trump’s fast-tracked deal for a copper mine heightens existential fight for Apache

    Top Reviews
    9.1

    Review: Mi 10 Mobile with Qualcomm Snapdragon 870 Mobile Platform

    By Admin
    8.9

    Comparison of Mobile Phone Providers: 4G Connectivity & Speed

    By Admin
    8.9

    Which LED Lights for Nail Salon Safe? Comparison of Major Brands

    By Admin
    Sg Latest News
    Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
    • Get In Touch
    © 2025 SglatestNews. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.