Boeing is reportedly in talks to sell up to 500 planes to China, months after Airbus was near a similar deal
Boeing is reportedly close to a deal with China to sell up to 500 planes, a move that could help end a sales drought stretching back to the beginning of President Trump’s first term.
The plane maker’s shares were up slightly in early trading.
The deal is still being hammered out and could potentially fall through, but is expected to be at the center of a trade deal between the US and China.
Bloomberg writes, citing people familiar with the matter, that the deal coming together is “similar in scope” to a potential 500-jet order China was reportedly close to making with Boeing rival Airbus earlier this year. That order hasn’t been officially announced yet, and it’s unclear whether China would place two orders that would both individually be among its largest ever.
Boeing has been on the outside of the Chinese market, in terms of new orders, since 2019 amid escalating US-China trade tensions. Earlier this year, China briefly ordered its airlines to stop taking deliveries from Boeing — even making a few planes turn around after landing in the country.
The deal is still being hammered out and could potentially fall through, but is expected to be at the center of a trade deal between the US and China.
Bloomberg writes, citing people familiar with the matter, that the deal coming together is “similar in scope” to a potential 500-jet order China was reportedly close to making with Boeing rival Airbus earlier this year. That order hasn’t been officially announced yet, and it’s unclear whether China would place two orders that would both individually be among its largest ever.
Boeing has been on the outside of the Chinese market, in terms of new orders, since 2019 amid escalating US-China trade tensions. Earlier this year, China briefly ordered its airlines to stop taking deliveries from Boeing — even making a few planes turn around after landing in the country.
