Boeing Shares Hit Turbulence After CFO Says Q2 Deliveries Will Be Similar To Q1 Amid Regulatory Limbo In China
Boeing CFO Brian West confirmed at an industry conference Thursday morning that plane deliveries to China would be delayed due to Chinese regulatory reviews and stated that there would be no increase in second-quarter commercial jet deliveries compared to the first quarter.
- BOEING DELIVERIES WON'T SEE STEP UP IN 2Q, WILL BE CLOSE TO 1Q
The big problem for Boeing is that not even China wants the jets.
*BOEING CFO SAYS CHINA'S CAAC HAS ASKED FOR MORE CERTIFICATION
— zerohedge (@zerohedge) May 23, 2024
*BOEING CFO SAYS CHINA'S CAAC HAS ASKED FOR MORE CERTIFICATION
Not even China wants flying paperweights
West said the country's Civil Aviation Administration (CAAC) has requested more certification for 737 Max planes.
- BOEING'S CFO SAYS CHINA'S CAAC HAS ASKED FOR MORE CERTIFICATION
Here are the most critical headlines (courtesy of Bloomberg) breaking on West's comments:
Following the comments, Boeing shares in New York plunged as much as 5.4% - the most in almost four months.
*Developing...