Boeing Is Diverting Some Jet Orders From China as It Grapples With Global Tensions
- Planemaker ‘can’t wait forever’ to deliver 737 Max, CEO says
- Company is on track for first positive cash flow since 2018
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Boeing Co. is shopping some jets earmarked for China to other buyers as the planemaker grapples with trade tensions that have stalled 737 Max deliveries to its largest overseas market.
The shift affects a “small number” of jets, Chief Executive Officer Dave Calhoun told reporters at an industry event Thursday in Washington. Executives said they didn’t undertake the decision lightly, especially given the importance of the Chinese market and Boeing’s half-century-long relationship with airlines there.