Latest news with #Boeing737-89P
The Star
10 hours ago
- Business
- The Star
Airlines may be reluctant to take aircraft deliveries on tariff uncertainty, IATA says
A Boeing 737-89P of Shanghai Airlines taxis at the Shanghai Pudong International Airport in Shanghai on April 17, 2025. (Photo by Hector RETAMAL / AFP) SINGAPORE: Airlines may be reluctant to take delivery of aircraft due to the ongoing tariff uncertainty and its impact on the cost of the aircraft, International Air Transport Association Director-General Willie Walsh said on Wednesday. "It's not just going to be a major Boeing and Airbus issue. It'll impact all aspects of the aerospace industry and have an impact on most, if not all, airlines as well," he said. Walsh was speaking at a media roundtable in Singapore. - Reuters Trading ideas: NationGate, Zetrix, Malakoff, YNHP, T7, Luxchem, Tomypak, Master Tec, Scope, PetGas, MBSB, Elridge
The Star
02-06-2025
- Business
- The Star
Airlines warn over weakening of global trade rules
A Boeing 737-89P of Shanghai Airlines taxis at the Shanghai Pudong International Airport in Shanghai on April 17, 2025. (Photo by Hector RETAMAL / AFP) NEW DELHI: The head of a global airlines industry body warned on Monday of damage to the economy and the air travel sector from growing trade barriers. "Like all forms of connectivity, flying makes the world more prosperous," International Air Transport Association (IATA) Director General Willie Walsh said at the group's annual meeting in New Delhi. "That stands in contrast to isolationism, trade barriers and the fragmentation of the multilateral rules-based system. These destroy wealth and lower living standards. For the times we live in, this is an important message," he said. IATA shaved a key forecast for 2025 industry-wide profits on Monday, blaming trade tensions and declining consumer confidence, while hitting out at "unacceptable" delays in jetliner deliveries that have hindered their growth plans. Sweeping tariffs imposed by U.S. President Donald Trump have stoked fears of an economic slowdown and squeezed discretionary spending, prompting many consumers especially in the United States to delay or scale back travel plans. They also threaten a decades-old pact between more than 30 countries to eliminate duties on aircraft and their parts. Walsh called for governments to "keep aerospace out of trade wars". IATA represents some 300 airlines accounting for more than 80% of global traffic. - Reuters
