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CN Purportedly Orders Domestic Airlines to Stop Receiving Boeing Aircraft Deliveries; Boeing Shrs Slip 2.7% Pre-Mkt
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China ordered domestic airlines to suspend acceptance of pending Boeing (BA.US) aircraft deliveries and halt purchases of aircraft-related parts and equipment from U.S. companies as the U.S.-China tariff war boils up, Bloomberg, citing sources, reported. Following the mutual imposition of high retaliatory tariffs by the U.S. and China, the cost of leasing Boeing aircraft for Chinese airlines is expected to rise exponentially, therefore Chinese authorities are reportedly looking at support measures to address the issue. Boeing (BA.US) shares slid 2.7% to USD155 in pre-market trading today (15th). AAStocks Financial News |
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