Trump says China to buy 200 Boeing jets, order could rise up to 750
- On Friday, President Donald Trump announced China agreed to purchase 200 Boeing jets, with potential for the order to rise to 750 planes if the company performs well.
- Boeing shares fell about 2.6% on Friday after dropping nearly 4% on Thursday, as investors reacted to the 200-jet figure which was well below analysts' expectations for at least 500 aircraft.
- IBA estimated the 200-aircraft order value at roughly $17 billion to $19 billion, noting that the total could increase to $25 billion if widebody aircraft comprise around 40% of the mix.
- This agreement marks Boeing's first major Chinese deal since 2017, potentially helping the company narrow the market share gap with rival Airbus, which has expanded significantly in China in recent years.
- Boeing CEO Kelly Ortberg stated the deal represents an 'initial commitment' and the company looks forward to addressing China's demand, though concerns regarding export restrictions and after-sales support remain among industry observers.
24 Articles
24 Articles
China orders 200 aircraft from Boeing. This is less than expected. The deal could still be increased, it says. However, much remains vague.
Trump, Boeing say China will buy 200 jets, reopening key market for US plane maker
US: Aircraft manufacturer Boeing will make its first major sale to China in nearly a decade under an agreement for 200 planes announced Friday, May 15, after President Donald Trump’s summit with Chinese President Xi Jinping. The deal represents a breakthrough in the US aerospace company’s efforts to reenter a market once central to its long-term growth. Speaking to reporters aboard Air Force One as he returned from Beijing, Trump said China also…
Trump, Boeing say China agreed to buy 200 aircraft, reopening a key market for the US planemaker
China agrees to buy 200 Boeing jets in first major deal in years, as Trump touts a potential order of up to 750 aircraft, reopening a crucial market for the planemaker.
Boeing confirms China's commitment to buy 200 aircraft
Aerospace giant Boeing has confirmed that China had committed to purchasing 200 aircraft during a visit to Beijing by US President Donald Trump, in a deal that could ultimately balloon with orders for 750 additional planes.
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