According to a report, the airlines have been instructed by the leadership in Beijing to stop buying aircraft or parts from the US aircraft manufacturer. Boeing $BA (-0,79%) would be severely affected by this step.
Düsseldorf. In the trade dispute with the USA the Chinese leadership has allegedly instructed its domestic airlines to stop buying aircraft from the US manufacturer. Boeing any more. The government has also asked Chinese airlines to stop buying aircraft parts and equipment, schreibt die Finanznachrichtenagentur Bloomberg am Dienstag unter Berufung auf mit dem Sachverhalt vertraute Personen.
It is also considering aid for airlines that have leased Boeing aircraft and are facing higher costs due to the trade dispute.
The dispute between the world's most important economies has reached new levels of escalation in recent days. US President Donald Trump recently imposed special tariffs of up to 145% on Chinese goods. Beijing responded by increasing its tariffs on US imports to 125%.
Boeing shares down before the start of trading
Although the European competitor Airbus more involved in China than Boeing. In recent years, there have been hardly any major orders from the country for the US group.
However, the rumored ban would hit the aircraft manufacturer hard, as China is one of its most important sales markets. According to industry estimates, China will account for around 20 percent of global demand for aircraft over the next two decades.
Chinese airlines also have hundreds of Boeing aircraft in their fleets. They require regular maintenance and repairs. Boeing shares were down three percent before the start of trading on Tuesday.
Source: Handelsblatt
