Rich Dads News
  • World
  • US Politics
  • Travel
  • Sports
  • Entertainment
No Result
View All Result
Rich Dads News
  • World
  • US Politics
  • Travel
  • Sports
  • Entertainment
No Result
View All Result
Rich Dads News
No Result
View All Result

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

May 30, 2025
in World
Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Boeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.

Ortberg had said last month that China had paused deliveries.

“China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.

Boeing, a top U.S. exporter whose output of airplanes helps soften the U.S. trade deficit, has been paying tariffs on imported components from Italy and Japan for its wide-body Dreamliner planes, which are made in South Carolina, Ortberg said, adding that much of it can be recouped when the planes are exported again.

“The only duties that we would have to cover would be the duties for a delivery, say, to a U.S. airline,” he said.

Regarding the rapidly changing trade policies that have included several pauses and some exemptions, Ortberg said, “I personally don’t think these will be … permanent in the long term.”

He reiterated that Boeing plans to ramp up production this year of its best-selling 737 Max jet, which will require Federal Aviation Administration approval.

The FAA capped output of the workhorse planes at 38 a month last year after a door plug that wasn’t secured when it left Boeing’s factory blew out midair in the first minutes of an Alaska Airlines flight.

Ortberg said the company could produce 42 Max jets a month by midyear and assess moving up to 47 a month about half a year later.

The company’s long-delayed Max 7 and Max 10 variants, the largest and smallest planes in the narrow-body family, are scheduled to be certified by the end of the year, he said.

Many airline executives have applauded Ortberg’s leadership since he took the reins at Boeing last August, tasked with stemming years of losses and ending reputational and safety crises, including the impact of two fatal Max crashes.

CEOs have long complained about delivery delays from the company that left them short of planes during a post-pandemic travel boom.

“I do think Boeing has turned the corner,” United Airlines CEO Scott Kirby told CNBC’s “Squawk Box” earlier Thursday. He said supply chain problems are limiting deliveries of new planes overall.

“We over-ordered aircraft believing the supply chain would be challenged,” he said.

This post appeared first on NBC NEWS

Related Posts

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros
World

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company...

June 30, 2025
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
World

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate,...

June 27, 2025
Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’
World

Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

Chris Schwegmann is getting creative with how artificial intelligence is being used in law. At Dallas-based boutique law firm Lynn...

June 26, 2025
How Fanatics is teaching business acumen to pro athletes
World

How Fanatics is teaching business acumen to pro athletes

Sports merchandising giant Fanatics is aiming to build a training camp for athletes to prepare them for life off the...

June 25, 2025
Next Post
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

    Enter Your Information Below To Receive Latest News And Articles

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    COP29: Changes to our lives are certain if Starmer meets bold climate target – but a key ingredient is missing for success

    COP29: Changes to our lives are certain if Starmer meets bold climate target – but a key ingredient is missing for success

    May 30, 2025
    US stock open in green: S&P rise 0.24%, Dow Jones and Nasdaq post similar gains

    US stock open in green: S&P rise 0.24%, Dow Jones and Nasdaq post similar gains

    June 4, 2025
    SEC showdowns leads College World Series schedule for Day 2

    SEC showdowns leads College World Series schedule for Day 2

    June 14, 2025
    X eyes trading, investment tools in next step toward Musk’s super app vision: report

    X eyes trading, investment tools in next step toward Musk’s super app vision: report

    June 19, 2025

    Categories

    • Entertainment
    • Sports
    • Travel
    • US Politics
    • World
    Orcl stock surges 8% at open: here’s why Oracle shares are near 52-week high
    Travel

    Orcl stock surges 8% at open: here’s why Oracle shares are near 52-week high

    June 30, 2025
    0

    Orcl stock began the first week of the trading day with a bang as it opened 8% higher on Monday...

    Read more
    Clark, Collier named WNBA All-Star captains, to pick playground-style

    Clark, Collier named WNBA All-Star captains, to pick playground-style

    June 30, 2025
    Iran acknowledges death toll from Israel’s strike on notorious Evin prison

    Iran acknowledges death toll from Israel’s strike on notorious Evin prison

    June 30, 2025
    Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

    Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

    June 30, 2025
    Here’s why the Celsius Holdings stock price is ripe for more gains

    Here’s why the Celsius Holdings stock price is ripe for more gains

    June 29, 2025

    Disclaimer: RichDadsNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Copyright © 2024 RichDadsNews. All Rights Reserved.

    No Result
    View All Result
    • World
    • US Politics
    • Travel
    • Sports
    • Entertainment