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Boeing to Resell Some Max Jets Ordered by Chinese Airlines

These aircraft were built for Chinese airlines but are unable to be delivered. #B737max

Boeing to Resell Some Max Jets Ordered by Chinese Airlines

The Chinese aviation regulator has not given the Boeing 737 Max plane the go-ahead to fly after two catastrophic tragedies, but Boeing officials indicated on Thursday that they will find new buyers for the aircraft. These aircraft were built for Chinese airlines but are unable to be delivered.

Boeing received the most orders at the Farnborough airshows in 2022.(Opens in a new browser tab)

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Boeing anticipates that the action will help reduce the inventory of undeliverable Max jets that accumulated while the aircraft were grounded around the world. The decision, meanwhile, runs the risk of escalating hostilities between the aircraft manufacturer and China, which was previously Boeing’s top market for the Max.

10 things about Boeing 737 max aircraft.(Opens in a new browser tab)

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Boeing, based in Arlington, Virginia, has 290 undeliverable 737s in its inventory as of June 30, with around half of them going to China, according to company officials. The number that might be offered to fresh buyers was not disclosed by the corporation.

West stated at a Morgan Stanley investor conference that Boeing did not make the decision lightly because China “is a key market.” However, he voiced confidence in Boeing’s ability to find new customers for the aircraft, which list for $100 million and above – although airlines frequently receive significant discounts.

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When China’s three biggest airlines purchased roughly 300 Airbus aircraft in July, Boeing’s dependence on the Chinese market was made clear.

The former president Donald Trump’s trade dispute with China caused strained ties between the United States and China. Boeing CEO David Calhoun stated on Thursday that although the company has benefited from free trade with China, recent “geopolitical events” will “slow us down.”

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