Could Boeing Be The Answer To US-China Trade Truce?

Boeing Co. (NYSE:BA) is edging closer to securing a massive aircraft order from China that could involve as many as 500 jets, which could mark the end of a years-long sales drought in the world’s second-largest aviation market.

Last major Boeing order from China dates back to President Donald Trump’s 2017 state visit.

News of the potential breakthrough lifted Boeing shares. The stock is up 27% year to date, buoyed by a turnaround effort under CEO Kelly Ortberg.

Also Read: Boeing’s Decades-Long 737 Delivery Record Could Finally Fall To Arch-Rival Airbus

Bloomberg reported that negotiations are ongoing regarding details such as the aircraft types, the delivery schedule, and the order size.

The deal is still contingent on the United States and China ...