Boeing to resume widebody airplane deliveries to China

File photo

Boeing is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review.

Orders of widebody 777 and 787 planes are expected to be delivered in the coming days, according to a source familiar with the matter. Deliveries of Boeing's 737 MAX are set to resume as early as next month, the source added.

The development is a boost to Boeing, which had flagged the delay to investors after Reuters first reported in May that the company's plane deliveries to China had been temporarily halted. The halt was due to a review by the Civil Aviation Administration of China (CAAC) of batteries contained in the 25-hour cockpit voice recorder.

Boeing directed a request for comment to the regulator.

The delays, combined with factory disruptions, led Boeing CFO Brian West to expect second-quarter cash burn in line with, or "possibly a little worse" than, the $3.9 billion in the first quarter.

In a year-end 2023 filing, Boeing said it had about 140 737 MAX 8 aircraft in inventory, including 85 aircraft for customers in China. Boeing delivered 22 aircraft to China between the start of 2024 and the end of April.

The Chinese review had impacted Boeing's commercial jet deliveries, which are not expected to increase in the second quarter compared with the first three months of the year.

More from Business News

  • Warren Buffett donates $5.3b Berkshire Hathaway stock

    Warren Buffett has donated another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006.

  • Nike shares slump 15 per cent as annual sales drop

    Nike shares slumped 15 per cent in premarket trading on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the sportswear giant ceding more market share to upstart brands such as On and Hoka.

  • Etihad Airways to hire hundreds of pilots to double fleet

    Etihad Airways is to hire hundreds of pilots as it looks to double the size of its fleet by 2030. The airline will begin with a recruitment roadshow in Europe.

  • UAE-Georgia CEPA enters into force

    The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with Georgia has officially entered into force, paving the way for stronger collaboration to expand trade opportunities, empower SMEs and consolidate global supply chains.

On Virgin Radio today

Trending on Virgin Radio