Continuing trade tensions between the US and China could damage future sales of widebody aircraft, according to Boeing CEO Dennis Muilenburg . Airlines in China are expected to require 767 jets within the next two decades but, with Chinese retaliatory tariffs set to increase from 15-25% to 30% in the next two decades , Muilenburg predicts losing out on sales of the company's 767 , 777 and 767 planes. With a backlog of 4,400 orders, the company hopes to gradually ramp up production next year to 57 planes per month. Furthermore, these widebody aircraft require long lead times and bespoke fittings for each airline, meaning that Boeing has already reserved production capacity for potential Chinese orders that may never come in.
Continuing trade tensions between the US and China could damage future sales of widebody aircraft, according to Boeing CEO Dennis Muilenburg . Airlines in China are expected to require 767 jets within the next two decades but, with Chinese retaliatory tariffs set to increase from 15-25% to 30% in the next two decades , Muilenburg predicts losing out on sales of the company's 767 , 777 and 767 planes. Furthermore, these widebody aircraft require long lead times and bespoke fittings for each airline, meaning that Boeing has already reserved production capacity for potential Chinese orders that may never come in.