Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Boeing delays China deliveries over regulatory review- Reuters

Published 05/22/2024, 08:09 PM
BA
-

Investing.com-- Boeing Co (NYSE:BA) plane deliveries to China were delayed in recent weeks due to a Chinese regulatory review of certain cockpit components, Reuters reported on Wednesday citing a source familiar with the matter. 

The report said that the Civil Aviation Administration of China was reviewing the batteries powering the cockpit’s voice recorder. Boeing was working with its Chinese customers over the timing of their deliveries. 

Boeing has delivered 22 aircraft to China in 2024 until the end of April, but had not made any new deliveries in recent weeks, the Reuters report said. 

The plane maker had in January resumed deliveries of its 737 MAX jet to Chinese airlines, after a nearly five-year import ban. China was among the first countries to ground the MAX model after two high-profile accidents in 2018 and 2019. 

But Beijing’s renewed scrutiny of Boeing could now be fueled by trade tensions, especially after the U.S. imposed increased tariffs on $18 billion worth of Chinese imports earlier in May. 

China had reportedly banned some U.S. firms from importing and exporting activities related to the country, including arms shipments to Taiwan, and had also forbidden some firms from making new investments in the mainland. Boeing Defense, Space & Security was on the list of blacklisted firms.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.