Boeing offers 737 Max jets to Air India amid US-China trade tensions

Boeing is offering 737 Max jets once slated for Chinese customers to Air India as the planemaker tries to offload some of the roughly 140 aircraft it’s currently not allowed to deliver. The Indian carrier, which is overhauling its fleet under new owner Tata Group, is one of a number of potential customers for Boeing, which is in talks with lessors and other airlines, according to people familiar with the matter. Many operators are eager to line up new narrowbody jets while Boeing and rival Airbus struggle to hit production targets amid labor and parts shortages. A Boeing representative declined to comment. Air India didn’t immediately respond to a request for comment outside of regular business hours. The US manufacturer hasn’t been allowed to deliver Max aircraft to China for more than three years as it grapples with escalating trade tensions and repercussions from two fatal crashes of the workhorse jet. China was the first to ground the Max in March 2019, and held off approving its return long after US regulators lifted a ban in late 2020. Dave Calhoun, the company’s CEO, told reporters in September that Boeing “can’t wait forever” and was putting a small number of jets back on the market. The planemaker has about $5b in cash tied up in the already-built jets earmarked for China, according to George Ferguson, analyst with Bloomberg Intelligence. One person tracking discussions estimates as many as 50 of the planes may be resold. The aircraft could be sold on an “as-is” basis, which means the buyers would be responsible for repainting them and installing their own cabin equipment, said the person, who asked not to be identified sharing details of confidential discussions.<br/>