Boeing to resell 737 Max planes originally for Chinese airlines
US plane maker Boeing said they will resell some of the 737 Max planes originally earmarked for Chinese airlines.
There are 150 Max’s due to be delivered to China but Beijing is still blocking deliveries.
Boeing CEO Dave Calhoun said the company cannot keep waiting endlessly for China to open up.
“You can’t wait forever. You’ve got to move them and there is a big market,” Calhoun said.
“I think we’ll get back (into China) someday. I just don’t think it’s a day soon.”
China was one of the first countries to ban the Max and only cleared it to fly again in December 2021.
“These customers are incredibly important. We’re celebrating 50 years in China. It’s an important market. But we’ve deferred this decision long, and now we have to think about investors,” said CFO Brian West at a Morgan Stanley conference in California.
“So we will begin to remarket some of those airplanes that were otherwise earmarked for our Chinese customers,” West added.
It comes as Boeing Defense President and CEO Ted Colbert was sanctioned by China for weapons sales to Taiwan.
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