Beijing52 minutes ago
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Chinese Airlines, including Air China, China Eastern and China Souther, operate the fleet of Boeing aircraft.
China has removed the ban on delivery of Boeing aircraft. According to a Bloomberg report, China informed Domestic Carriers that they could now resume delivery of US -made aircraft. This decision was taken to remove the ban after the US-China tariff deal.
A month ago, China ordered its airline companies not to take delivery of new aircraft from Boeing. The Chinese government gave this order in response to the US 145% tariff. Ordered to stop the purchase of parts of the aircraft built in the US.
Trade deal was announced in Geneva on 12 May
US-China announced a trade deal in Geneva on 12 May. It was told that both countries will cut 115% tariffs. The agreement between the two is currently for 90 days.
The US has put 145% tariffs on Chinese goods and 125% on US goods. After this cut, China will now have 30% tariffs and 10% on the US.
China is an important market for Boeing
Prior to the Korona epidemic, about one -third 737 aircraft in Boeing were being delivered to the country. According to Boeing’s estimate, in the next two decades, China will be 20% of the Global Airplane demand. This means that China …
- Estimated 6,500 single-oil aircraft such as 737 Max and 787 Dreamliner of Boeing will also be needed more than 1,500 twin-oil aircraft.
- By the end of 2030, about 1,100 additional aircraft will be required to replace old aircraft and meet the increasing demand for domestic travel.
China also needs to bow
- China will need 8,830 new aircraft by 2043. Domestic manufacturer COMAC is moving forward, but the production is not yet ready to meet all the needs due to the customer and dependence on western components (such as engine).
- Boeing’s main rival Airbus does not have the ability to supply China alone. This makes Boeing’s role important. Still the Chinese Airlines, including Air China, China Eastern and China Souther, operate the fleet of Boeing aircraft.
Boeing delivers 668 aircraft to China from 2015 to 2020
China’s business with Boeing has been very challenging. The impact of this tension has been seen to be quite on the post -2019 delivery. China was one of Boeing’s big customers. The US company sold 668 aircraft to China between 2015 and 2020.
Boeing earns in four sectors
Commercial Airplaces, Defense-Space and Security, Global Service and Boeing Capital include. Boeing at Commercial Plains currently produces Next Generation 737, 737 Max, 747-8, 767, 777, 777x, 787, Firors and Business Jets.
In 1916, William E. Boeing formed the company
American businessman William E. Boeing formed a company in the US in 1916 by William E. Boeing. Within a year, he made the first plane in 1917 and changed the company to Boeing.
This was the time when World War-1 had started. At this time, America, Europe- Britain and Germany were far behind in plane technology. The demand for the plane increased due to the world war. Then at the same time the company received 50 orders to prepare the plane and from here the sky journey started.