Boeing’s setback increases competitiveness for Airbus and Comac rivals in China.
According to reports, China ordered its airlines not to take more deliveries from Boeing airplanes in response to the decision of the president of the United States, Donald Trump, to impose 145 percent tariffs on Chinese products.
Bloomberg News, citing people familiar with the matter, the development reported on Tuesday.
The global aerospace industry is in the middle of a full -fledged tariff war, with gliders, airlines and suppliers that review contracts worth bills of dollars, after the US supplier. Uu. How met aerospace lit a debate on who should assume the cost of tariffs.
The three main airlines of China, Air China, China Eastern Airlines and China Southern Airlines, had planned to receive Boeing aircraft from 45, 53 and 81, respectively, between 2025 and 2027.
Beijing has also requested that Chinese carriers stop the purchases of equipment and pieces related to US companies such as Boeing, according to the Bloomberg report.
It is expected that China’s move to stop purchases of components related to aircraft to increase maintenance costs for aircraft flying in the country.
The Chinese government is also considering ways to provide assistance to airlines that lease Boeing aircraft and face higher costs, Bloomberg News reported.
Another blow to Boeing
Investors are taking note. The measure could open more opportunities for Airbus based in France and the Chinese National Aerospace Manufacturer of the Chinese Commercial Aircraft Corporation (COMAC). Airbus shares, which is a company that lies in the stock market, increases almost a complete percentage point in the news or 12 pm et in the US. (16:00 GMT), while Boeing’s actions decrease more than a complete percentage point.
In Washington, DC, Trump said Tuesday that China has returned to an important Boeing agreement, after a news report that Beijing ordered the airlines not to take more than the airplane of the aviation giant.
“Interestingly, they simply breached the great Boeing agreement, saying that” they will not take possession “of full time to airplanes,” Trump said in a social position of truth, referring to China as commercial tensions broke out between the two largest economies in the world.
China first signed the 737 Jets Max in Boeing after two fatal accidents in 2018 and 2019 killed almost 350 people. China also suspended most orders and deliveries of the plane in 2019.
The detention in deliveries to China marks another one more reverse for the planning glider, which is sailing for a slow recovery after a year challenging marked by a work strike, a better regulatory scrutiny and the persistent interruptions of the supply chain.
In 2024, the Aerospace manufacturer Tok Center Stage after a series of high profile accidents that involve its airplanes, including by plug that blows the side of a 737 max fly by Alaska Airlines minutes after 4.