Air China asks Boeing compensation for MAX 8 delays

The company is seeking compensation from Boeing for delays in delivery of new aircraft and for the grounding of MAX jetliners. (AFP/File)
Updated 22 May 2019

Air China asks Boeing compensation for MAX 8 delays

  • The company did not reveal any details regarding the claim
  • State-owned China Eastern Airlines Ltd. Was the first Chinese carrier to ask Boeing for compensations

BEIJING: Air China Ltd., one of China’s three major state-owned airlines, is joining carriers that are asking Boeing Co. for compensation for the grounding of their 737 Max jetliners following two fatal crashes.
An employee of Air China’s publicity department said Wednesday the carrier also has asked Boeing for compensation for disruption due to delays in delivery of new aircraft.
The employee declined to give his name or details of the claim.
Air China becomes the second Chinese carrier to ask Boeing for compensation following state-owned China Eastern Airlines Ltd. last month.
China was among the first governments to order carriers to suspend use of the 737 Max in March following crashes in Indonesia and Ethiopia that killed a total of 346 people.


Trump calls for World Bank to stop lending to China

Updated 07 December 2019

Trump calls for World Bank to stop lending to China

WASHINGTON: US President Donald Trump on Friday called for the World Bank to stop giving loans to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.
The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.
“Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” Trump wrote in a post on Twitter.
Spokespeople for the White House and the World Bank did not immediately respond to requests for comment.
The World Bank loaned China $1.3 billion in the fiscal 2019 year, which ended on June 30, a decrease from around $2.4 billion in fiscal 2017.
But the fall in the World Bank’s loans to China is not swift enough for the Trump administration, which has argued that Beijing is too wealthy for international aid.