Boeing CEO Kelly Ordrag said on Wednesday that he does not expect the United StatesTrade war with ChinaTo thwart the financial recovery of the company, nor prevent it from reaching the targets of delivery of aircraft, as Chinese airlines refuse to accept Boeing aircraft.

Speaking of CNBC, Orberg said that Boeing has three aircraft in China ready for delivery, but it has returned two of them to Seattle so far because the Chinese airlines that ordered the planes “stopped delivering aircraft due to the customs tariff environment.”

Beijing increased the import tax onAmerican goods to 125 %This month in response to US President Donald Trump raises the tariff for productsMade in China to 145 %. China’s tariff will twice the cost of Boeing passenger aircraft, the largest exporter of the United States, for tens of millions of dollars.

While the company planned to complete 50 requests for Chinese airlines this year, Orberg said that Boeing was “evaluating” options actively to convert these planes into other interested buyers.

He said during a collective call with analysts: “It is an unfortunate situation, but we have many customers who want to hand over in the short term, so we plan to redirect the offer to the stable demand, and we will not continue to build aircraft for customers who will not take them.”

ConfrontationBetween Washington and Beijing, it does not represent a threat to Boeing from what it was a decade ago, when Jeffrez went to a quarter.

The company’s business decreased in China in 2019, when the country became the first to highlight all Boeing737 MAX aircraftAfter a pair of deadly accidents346 people were killedLess than five months separately. Chinese airlines have not resumed maximum flights until January 2023, late for other transport companies in other countries.

Bianan West, financial manager, said that China is currently about 10 % of the accumulation of requests worth $ 500 billion, which Boeing expects to take in the next decade.

West said that about 70 % of the company’s commercial aircraft expect to deliver in 2025 for international customers. If definitions in countries beside China cause revenge and postponementAircraft acceptance“We expect to see additional pressure,” he said on Boeing’s cash supply.

“Given our site as an important source of the United States, the free trade policy across the space is still very important for us,” West said.

Trump’s pursuit of definitions to face what he describes is that unfair commercial policies of other countries come at a time when Boeing is looking to turn the page into a set of problems, including a palette of 737 as a maximum of the trip andStrokeThat closed production last year. He saw the companyHer revenuesThe shares value decreased sharply.

Ordrag said that the financial results in the first quarter informed Boeing on Wednesday that the company’s recovery plan “is in full swing and signs of being effective, albeit early.”

Boeing recorded a modified loss of 49 cents per share for $ 19.5 billion in revenues. The results topped the expectations of the analysts included in the Zacks Investment Research, which called for a loss of $ 1.54 per share on the revenue of 19.29 billion dollars.

The company significantly reduced its cash burning to about 2.29 billion dollars from about 4 billion dollars in the previous year.

Boeing shares, based in Armington, Virginia, increased by 6.6 % in the afternoon trading.

Trump declared the sweeping tariffs on April 2, which caused panic in the financial markets and generated recession. PresidentPut a partial contract for 90 days on import taxesBut he actually increased to himA sharp tariff against China.

US Treasury SecretaryScott Al -RahmanHe said in aletterOn Tuesday, this situation was not sustainable and expected to “cancel the escalation” in the trade war between the largest economists in the world.

This story was originally shown on Fortune.com

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2025-04-23 20:57:00