Shares of Boeing (NYSE:BA) jumped 2.5% Thursday morning after Bloomberg reported that the aerospace company is in advanced discussions to sell up to 500 planes to China.
Such an order would mark a major rebound in Boeing’s Chinese sales, which have been largely dormant since 2017. Sources familiar with the talks say Boeing and Chinese authorities are still ironing out crucial details, including aircraft models, quantities, and delivery timelines.
Chinese officials are reportedly consulting with domestic airlines to assess their fleet requirements. Industry watchers note the proposed Boeing deal resembles the framework of a previous up-to-500-plane arrangement with Airbus (EU:AIR), though that agreement has not been formally disclosed.
The sources emphasized that the deal hinges on progress in U.S.-China trade relations, and warned that negotiations could still stall.
If finalized, the transaction would mark a major win for Boeing in China, opening the door to one of the world’s fastest-growing aviation markets after years of limited access caused by diplomatic and trade frictions.
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