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China just cancelled delivery for about 200 Boeing jets, blaming the tariff war.
Boeing will shortly be letting about 200 other customers in their over six thousand plane back-order their delivery date got moved up.
When I took the plant tour in Seattle the guide explained how customers paid.
1/3 on order. 1/3 on first flight. 1/3 on delivery.
And pretty much unrefundable.
So Chairman Pooh just paid 2/3 the price of a plane that Boeing will repaint and deliver to someone else.
Boeing will almost definitely be pocketing the money and charging full price to the new owner.
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