Published • loading... • Updated
Hope fading for new Boeing deal during US-China summit: Report
Boeing is trying to salvage a 200-plane order as US and Chinese officials focus on trade truce talks and other summit issues, sources said.
- Ahead of today's Thursday summit between President Donald Trump and Chinese President Xi Jinping, Boeing is attempting to finalize a 200-jet deal with China. Hopes for securing additional new commitments remain in flux as negotiations continue.
- Following the May summit, Boeing CEO Kelly Ortberg described the 200-jet commitment as an "initial tranche" of orders, aiming to restore Boeing's access to the Chinese market after years of exclusion.
- On Monday, Trade Representative Jamieson Greer stated "there are about 140 that are in a good state," with 10 more being finalized. Aerospace consultant Richard Aboulafia noted, "It will be a victory if the 200 airplane order can be saved."
- Summit discussions are focused on extending a trade truce, AI safeguards, weapons sales to Taiwan, and agricultural exports. Scott Kennedy of the Center for Strategic and International Studies remarked, "A lot of trade relationships are hostage to these meetings."
- According to Shukor Yusof of Endau Analytics, Airbus has gained market share in China via its Tianjin assembly line and "more benign" China-Europe relations. He suggested Boeing's influence has suffered due to political friction and internal operational issues.
Insights by Ground AI
11 Articles
11 Articles
Actually, U.S. aircraft maker Boeing put great hopes in the meeting between the presidents of the US and China. New supply contracts were to be concluded. But these hopes are dwindling.
·Hamburg, Germany
Read Full Article
Trump-Xi Summit: Beijing unlikely to commit to new Boeing orders even as US, China talk trade - here is what happened
Boeing had been effectively shut out since 2017, while European rival Airbus had continued to expand its share. China imposed restrictions on new deliveries from Boeing and halted parts purchases amid escalating tariff disputes with the US and favoured Airbus and homegrown COMAC.
·New Delhi, India
Read Full Article
Hope fading for new Boeing deal during US-China summit, sources say
Hopes for a new China commitment to buy Boeing planes are sinking ahead of a Thursday summit between the US and Chinese presidents, two people briefed on the matter said on Wednesday, with negotiations still in flux.
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources11
Leaning Left0Leaning Right3Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
To view factuality data please Upgrade to Premium
