Us-china tarif war: The aviation sector has also come in the grip of the tariff war that started between the US and China. China has ordered its airlines not to take delivery of jet from American company Boeing. The Chinese government has instructed its airlines to stop the purchase of aircraft equipment and parts from America.
The US is now imposing up to 145 percent tariffs on imports from China. At the same time, China has imposed a counter -duty duty of 125 percent on American imports. According to Bloomberg’s report, the Chinese government is considering helping the aviation companies that lease Boeing jets and pay more money for it. At present, there is no official response from Boeing and concerned Chinese Airlines.
According to data from Aviation Flights Group, about 10 Boeing 737 Max aircraft is set to join the Chinese airline fleet, including China Southern Airlines Company, Air China Limited and two each of the Jiamen Airlines company. According to the production tracking firm’s website, some are standing near Boeing’s factory base in Jet Seattle, while others are at the Finishing Center in Jhoushaan, East China. The aircraft whose papers and payment have been made earlier can get approval on the case-by-case basis
China is the second largest aviation market in the world. China is estimated to have a 20 per cent stake in global aircraft demand in the next 20 years. According to the report, last week Juniya Airlines company Boeing was delaying delivery of 787-9 Dreamliner aircraft, which was to be delivered in about three weeks.
(This story has been broken, it is being constantly being updated …)
