Transportation
Boeing Ready to Resell China-Bound Jets If Trade War Worsens
A Boeing 737 Max aircraft outside the Boeing Co. manufacturing facility in Renton, Washington.
Photographer: M. Scott Brauer/BloombergTakeaways NEW
Boeing Co. is prepared to find alternative buyers for China-bound aircraft that are mired in a trade dispute with the US, as the planemaker seeks to reduce the fallout on its jet deliveries and earnings recovery.
China has stopped taking deliveries from Boeing, Chief Executive Officer Kelly Ortberg confirmed in an interview with CNBC on Wednesday, after the company reported better-than-expected results. The move, first reported last week by Bloomberg News, has left in doubt the fate of about 50 jets that were slated to go to the country this year.