China's three biggest airlines have asked U.S. planemaker Boeing Co to comp...
BEIJING - China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.
The U.S. administration’s latest tariff increase on $200 billion worth of Chinese imports - and hints of more - has prompted fear that China could retaliate against U.S. companies. China’s state-asset regulator put the number of 737 MAX jets operated by the three biggest Chinese carriers at 53. “China seems to be ready now to put more pressure on Boeing as the company happens to have a genuine safety issue, and the trade friction between the U.S. and China started to go into a downward spiral,” Global Times quoted Shen Yuxin, a partner at law firm Freshfields Bruckhaus Deringer, as saying.
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