波音737 MAX 9

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波音中国管理层调整,业务复苏下仍有这些挑战
第一财经· 2025-08-25 15:51
Core Viewpoint - Boeing is experiencing a recovery in commercial aircraft deliveries and orders, despite ongoing challenges related to U.S.-China trade negotiations and supply chain issues [5][8]. Delivery and Order Recovery - Boeing's revenue increased by 35% year-on-year to $22.75 billion in Q2 2025, driven by a significant rise in commercial aircraft deliveries [5]. - The company delivered 150 commercial aircraft in Q2, up from 93 in the same period last year, marking the highest number for that quarter since 2018 [6]. - Boeing's production of the 737 model has increased to 38 units per month, with plans to raise it to 42 units later this year; the production of the 787 model has also risen from 5 to 7 units per month [6]. - In Q2, Boeing secured 455 net aircraft orders, including significant orders from Qatar Airways and British Airways [6]. Tariffs and Supply Chain Challenges - Ongoing U.S.-China trade negotiations create uncertainty for Boeing's orders and deliveries, as China is its largest overseas market [8]. - The introduction of a 125% tariff on U.S. aircraft in April 2023 led to a temporary halt in Chinese airlines accepting Boeing aircraft, which resumed in June [8]. - Airbus has benefited from a recent agreement between the EU and the U.S. to restore zero tariffs on commercial aircraft, while Boeing continues to face supply chain challenges similar to those affecting Airbus [8][9]. - The global backlog of undelivered aircraft has risen to over 17,000 units, significantly higher than pre-pandemic levels, indicating potential delivery delays [9]. - Boeing's total backlog at the end of the first half of the year reached $619 billion, with commercial aircraft backlog exceeding 5,900 units valued at $522 billion [9].
波音中国管理层调整 业务复苏下仍有这些挑战
Di Yi Cai Jing· 2025-08-25 08:47
Group 1: Leadership Changes - Boeing China President Liu Qing has recently retired, with Carol Shen appointed as the acting Managing Director, a position that previously did not exist [2] - Liu Qing, who took over as Boeing China President after Sherry Carbary's retirement, had a background in government relations and leadership roles in automotive companies [2] - Liu Qing's tenure saw Boeing facing regulatory crises and strikes that impacted aircraft production and delivery, but the company is now gradually restoring production capacity [2] Group 2: Delivery and Orders Recovery - Boeing reported a 35% year-on-year revenue increase to $22.75 billion in Q2 2025, driven by a significant rise in commercial aircraft deliveries, although the company still posted a net loss of $612 million, an improvement from $1.439 billion the previous year [3] - In Q2, Boeing delivered 150 commercial aircraft, up from 93 in the same period last year, marking the highest delivery count for that quarter since 2018 [4] - Boeing's production of the 737 model has increased to 38 units per month, with plans to raise it to 42 units later this year, while the production of the wide-body 787 model has risen from 5 to 7 units per month [4] Group 3: Tariffs and Supply Chain Challenges - Ongoing U.S.-China trade negotiations create uncertainty for Boeing's orders and deliveries, as China is Boeing's largest overseas market [5] - In April, U.S. tariffs imposed a 125% tax on imported American aircraft, causing Chinese airlines to pause Boeing aircraft acceptance until June [6] - Currently, during a "buffer period" in trade negotiations, certain aircraft and engine parts are exempt from tariffs, allowing Chinese airlines to import aircraft at previous tax rates [6] Group 4: Backlog and Supply Chain Issues - The global backlog of undelivered aircraft exceeds 17,000 units, significantly higher than pre-pandemic levels, indicating potential delivery times of up to 14 years [7] - Boeing's total backlog at the end of the first half of the year reached $619 billion, with commercial aircraft backlog exceeding 5,900 units valued at $522 billion [7]