Boeing CEO Kelly Ortberg said Wednesday that Chinese airlines have halted deliveries of new aircraft due to trade tensions, according to the Hong Kong Free Press. Ortberg noted that if the tariff-driven pause persists, Boeing will begin remarketing the planes to other carriers. Boeing had planned to deliver around 50 planes to China in 2025. Boeing reported a narrower first-quarter loss of $123 million as revenue rose 18% to $19.5 billion. The company reaffirmed plans to increase commercial plane production while strengthening safety measures after past crashes and incidents.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Boeing CEO Kelly Ortberg said Wednesday that Chinese airlines have halted the deliveries
00:06of new aircraft due to trade tensions, according to the Hong Kong Free Press.
00:10Ortberg noted that if the tariff-driven pause persists,
00:13Boeing will begin remarketing the planes to other carriers.
00:17Boeing had planned to deliver around 50 planes to China in 2025.
00:21Boeing reported a narrow first quarter loss of $123 million,
00:24as revenues rose 18% to $19.5 billion.
00:27The company reaffirmed plans to increase commercial plane production
00:30while strengthening safety measures after past crashes and incidents.
00:34For all things money, visit Benzinga.com slash GSTV.