In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had “stopped taking delivery of aircraft due to the tariff environment,“ adding that if the halt continued, the aviation giant would soon market the jets to other carriers.
Boeing had planned to deliver around 50 aircraft to China in 2025, said Ortberg, adding that the company wouldn’t “wait too long” to send the jets to other customers.
“That’s what we prefer to do. But if not, we’re gonna remarket those airplanes.”
But Treasury Secretary Scott Bessent told reporters Wednesday that Washington is “not yet” speaking with Beijing on tariffs.
“I can’t predict” the course of trade talks, Ortberg said. “We do hear signs that indicate that there will be negotiated settlements... I just don’t know the timing.”
Boeing downplayed the impact of Trump’s tariffs, saying steel and aluminum make up only one or two percent of aircraft costs, with most of the raw material supplied domestically anyway.
Smaller loss
In its earnings release, Boeing confirmed targets to raise commercial plane production as it bolsters its safety efforts following deadly crashes and other major incidents.
Boeing said it still expects first delivery of the 777-9 in 2026.
Boeing on Tuesday announced plans to sell portions of its digital aviation solutions business to software-focused investment firm Thoma Bravo for $10.6 billion as it seeks to bolster its financial position.
Ortberg joined Boeing last summer following a leadership shakeup in the wake of a January 2024 Alaska Airlines flight that made an emergency landing after a panel blew out mid-flight.
To win back the confidence of lawmakers and customers, Boeing has been implementing quality control enhancements under close scrutiny of federal regulators.
Boeing led the Dow index Wednesday, rising six percent.
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