China Orders Airlines Not to Take Deliveries of Boeing Planes
Chinese airlines are refusing to take delivery of Boeing aircraft amid the ongoing trade standoff between the United States and their country.
Boeing CEO Kelly Ortberg told CNBC on Wednesday that his company had three 737 Max airplanes in China ready for delivery. Boeing has since flown two of the planes back to the U.S. and plans to bring the third one back soon.
“They have in fact stopped taking delivery of aircraft due to the tariff environment,” Ortberg said.
“We have...