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Big Traffic Author of this article: Luo Songsong 2018-04-06
China is Boeing’s largest market,The 737 is Boeing’s main source of profit。
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April 4,The Ministry of Commerce issued an announcement on imposing additional tariffs on some imported goods originating in the United States。

Among them,"The unladen weight exceeds 15000 kg,Planes and other aircraft not exceeding 45,000 kilograms” are listed in the list of goods subject to tariffs on the United States and Canada,The tax rate is 25%。

This means that U.S. aircraft manufacturing companies, including Boeing, become tax targets。

Standards for unladen weight,There is currently no official statement,There is no clear definition。But according to the understanding of the interface news reporter,Boeing’s 737NG series and some new 737Max series are involved in this trade war,The twin-aisle Boeing 787 is currently safe and sound。

Boeing 737 MAX series includes 4 models,In ascending order of models, they are: MAX 7、MAX 8、MAX 9 and MAX 10。According to data from Wikipedia,Max8’s “Operating Unladen Weight” is 45.07 tons,So the affected ones are most likely Max 7,But it is not ruled out that Max 8 is also on the list。

China is Boeing’s largest market,The 737 is Boeing’s main source 188bet app download of profit。Data display,2017,The number of aircraft delivered by Boeing to Chinese airlines reaches 202,Accounting for 26% of global quantity。Among them,One out of every three 737s is delivered to China。Otherwise,Boeing delivered more than 20 Max 8s to Chinese airlines in 2017,Nearly 100 aircraft are expected to be delivered by the end of the year。

Currently,The taxes and fees for imported passenger aircraft follow the 2013 policy。August of that year,Ministry of Finance、Notice issued by the State Administration of Taxation,Announced the cancellation of the 1% temporary import tax rate for passenger aircraft with an empty weight of 25 tons and above but not exceeding 45 tons,Resumption of the 5% most-favored-nation tax rate。

This time,Implementing an additional 25% tariff means that the price of an imported aircraft will increase significantly。A veteran in the aviation finance industry told Jiemian News reporter,Whether it is an airline or a leasing company importing aircraft,Taxes are all borne by the airlines,This will undoubtedly affect the import costs of airlines。

Based on the 2018 catalog price announced by Boeing,The price of a Boeing 737 Max 7 is $96 million,The price of a 737-800 is 1.USD 0.2 billion,The catalog price of a Boeing 737 Max 8 is 11.USD 0.6 billion。If the tax increase policy is implemented,Meaning that the price for an airline to purchase a single-aisle passenger aircraft will be tens of millions of dollars more,This is especially true for those 737NG and some Max series models that have not yet been delivered。

U.S. aviation 188bet Online Sports Betting and Casino industry analyst Alex Lee told Jiemian News reporter,Currently, there are not many Boeing 737NG series aircraft to be delivered to Chinese airlines,Most 737 orders are Max 8。If Max 8 is not listed as a target for additional tariffs,This means that the import price of 737-800 may be similar to Max8,It may even be higher than the latter。

"This means that it does not make much sense for China Airlines to accept the remaining 737-800 orders。From here,Boeing will allow airlines to switch orders,If all Chinese airlines convert orders to Max 8,The one who will benefit will be Boeing,Because Max 8 is more expensive。” Alex Lee told Jiemian News reporter。

According to data from Boeing’s official website,As of now,Boeing has not yet delivered more than 20 737-800s to Chinese customers,Including 4 Xiamen Airlines,China Southern Airlines 2,Ruili Airlines 2,Okay Airways 2,12 aircraft from ICBC Leasing and 5 aircraft from China Development Bank。

Currently,China’s passenger aircraft market is basically dominated by the duopoly of Boeing and Airbus,The market share of both parties is basically 50:50,In the single channel market,Airbus has the upper hand due to the excellent performance of A320NEO in the past five years,Boeing still maintains its advantage in wide-body aircraft,This trade war may give Airbus an opportunity to widen the gap with Boeing。

“Airbus will be the absolute winner。This trade war is unprecedented,And now is just the beginning。In this trade war,The United States will lose more than China。" Shukor Yusof, founder of Endau 188bet Online Sports Betting and Casino Analytics, a Malaysian aviation consultancy, said in an interview with Bloomberg。

Early this year,During French President Macron’s visit to China,The National Development and Reform Commission and Airbus signed an agreement,Both parties agreed to gradually increase the output of the Tianjin A320 series aircraft assembly line,It is expected to reach a monthly production of 5 aircraft in early 2019,Achieve the goal of monthly production of 6 aircraft in early 2020。In comparison,Boeing’s delivery and completion center in Zhoushan, Zhejiang has not yet been put into use。

“Most airlines in China operate both Boeing 737 and Airbus A320,If the cost is too high,They may choose Airbus products,But there are also some medium-sized airlines in China that only operate pure Boeing aircraft,For example, Xiamen Airlines。" Asia Pacific Aviation Research Center analyst Will Horton told Jiemian News reporter。

If the trade war between China and the United States becomes normal,Then it may be a potential opportunity for domestically produced large aircraft。Currently,This single-aisle aircraft, which competes with Boeing 737 and Airbus 320, is in the test flight stage,It will take at least 3-5 years before real commercial operation。

"Boeing will definitely be affected,But the extent of the impact depends on the specific implementation process of the 45-ton regulation,And corresponding measures taken by airlines and other parties。" Analysis by the above-mentioned aviation financial experts。

Except Boeing,Gulfstream, which produces business 188bet online sports betting jets, will also be greatly affected,Because the unladen weight of G550 and G650, the most popular models of the latter in China, both fall into the range of 15 tons to 45 tons。

“Gulfstream aircraft are manufactured in Savannah, Georgia, USA,And this place is a Republican vote bank,Boeing’s aircraft are mainly produced near Seattle, Washington,Washington state supports the Democratic Party。In this way,The result is obvious,The Chinese government’s policy of increasing tariffs will hit areas that support the Republican Party,Without hurting the Democratic-supporting state of Washington。"Alex Lee analysis said。

188bet online sports betting Wen LaiSource: Interface News, author: Luo Songsong, original title:《China plans to impose tariffs on aircraft imported from the United States, Boeing 737 Max unexpectedly "made the list"》.

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