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Boeing CEO says trade uncertainty, China’s tension is not expected to affect the rebound of aerospace giant


Boeing CEO Kelly Ortberg On Wednesday, he said that he would work to protect the change of aerospace giants from the impact of trade war between the US and its business partners, especially China.

Next to the company’s quarterly earning announcement, Ortberg sent a letter to the Boeing employees underlining the company’s progress over four areas of their recovery plan, including comments about how the ongoing trade disputes could affect the company.

Ortberg wrote, “When we are closely looking at development in global trade, our strong start of the year combined with the demand of airplane for our products and services and our half-dowlogs gives us this flexibility that we need to navigate this atmosphere,” Ortberg wrote.

During the question-north-north-north part of the earning call, Ortberg told analysts, “I like to really about our overall plan for the year, even if I hope Chinese status Some headrooms we created will be taken with their strong first-western delivery. ,

China starts returning Boeing aircraft to America

Boeing CEO Kelly Ortberg on April 2 testifies to the Senate Committee on Commerce, Science and Transport about production quality issues. (Brendon Smileowski/AFP through Getty Image)

Ortberg said that China is the only country where Boeing has faced problems with aircraft delivery due to the tariff of Trump administration, although he said that the company is monitoring potential vengeance by Europe and is in regular contact with the White House.

In the context of the President, Ortberg said, “I don’t think one day where we are not associated with anyone in administration, including … Cabinet Secretary and ourselves are included even Potus.” Donald Trump.

Langer Security Last Change Change %
B. A Boeing Cum. 177.81 +1.54

+0.88%

Boeing is paying 10% tax on imports from countries like Japan and Italy, although it expects to recover some of those costs when Aircraft is exported,

The CEO of Boeing says that the company will not produce yet, vows to ‘correct it’

A China Eastern Airlines Boeing 777 is shown on March 28 at Los Angeles International Airport. (Kevin Carter/Getty Images)

In Comments on CNBCOrtberg said that China has sent back two of the three aircraft in the country which were ready for delivery as the Chinese government stopped the acceptance of those aircraft due to trade disputes. Boeing expected to send around 50 aircraft to China this year, although Ortberg said the company would be “very practical” about sales for China during the dispute.

“For airplanes that have not been created yet, we are looking to redirect those who have not been built yet.” “For airplanes built, we call it remarking. There are many customers who are looking for maximum aircraft.”

The scene shows rail cars above 737 Max Fuse at a train yard in Seattle on 5 December 2024. (Reuters/Mat Mills Mechanite)

In 2024, Boeing struggles Manufacturing quality issuesWhich has inspired regulators to give limitations on the production of 737 Max aircraft, as well as a strike that affects its production at the end of the previous year.

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Ortberg said that the company is working to increase the output carefully Boeing 737 Max This year, the aircraft, calling it “key to cash generation”, and said that Boeing expects to operate more flights of its distressed Starlineer Space Program later this year.

Reuters contributed to this report.



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