Boeing Negotiates Potential Sale of 500 Aircraft to China Amid Trade Talks

Economy

Boeing Negotiates Potential Sale of 500 Aircraft to China Amid Trade Talks

3 months ago

News sources:

INDIATIMES

TRTGLOBAL

Boeing Negotiates Potential Sale of 500 Aircraft to China Amid Trade Talks

Credited from: TRTGLOBAL

Boeing is negotiating a sale of up to 500 planes to Chinese companies.
The deal is contingent on US-China trade relations improving.
Negotiations involve assessing domestic airlines' aircraft needs.
China's last major Boeing order was for 300 planes in 2017.
Boeing's shares rose amid news of the potential deal.

Boeing is reportedly in talks with Chinese firms to sell as many as 500 aircraft, a deal that could significantly benefit the struggling manufacturer. Sources indicate that this agreement would hinge on progress in the ongoing trade negotiations between the US and China, with Boeing's shares rising as much as 3.7% following the news, although they settled with less than a 1% increase shortly thereafter, according to Indiatimes and TRT Global.

The potential deal would see Boeing collaborating with Chinese officials, who are assessing the needs of domestic airlines. This agreement is viewed as a crucial component of an overarching US-China trade pact that seeks to alleviate tariffs imposed by both nations. Similar to previous trade arrangements, such as the 2017 deal for 300 planes worth over $37 billion, success is hoped to reflect positively on both US President Donald Trump and Chinese President Xi Jinping amid their turbulent trade relations, according to AA and TRT Global.

Indiatimes, TRT Global, and AA.