Hopes for a new Boeing-China deal fade
Expectations of China committing to purchase additional Boeing planes are diminishing ahead of the Trump-Xi Jinping summit, according to Reuters. The report cites two individuals familiar with the situation indicating that progress has stalled in securing such an agreement. Boeing is reportedly shifting its focus away from a large-scale deal at this time and instead exploring other avenues for business development. This shift comes amid ongoing trade tensions between the U.S. and China, which have complicated negotiations on major commercial agreements involving American companies like Boeing. The lack of progress could impact Boeing's financial outlook as it seeks to offset losses in its 737 MAX program and stabilize revenue from international markets.
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