Boeing CEO Kelly Ortberg is set to accompany President Trump on his upcoming visit to China, a trip that could be pivotal for Boeing’s future orders from Chinese airlines. During a recent earnings call, Ortberg indicated that a substantial order from China could be imminent, contingent on the state of U.S.-China relations and the outcomes of the Trump-Xi summit on May 14-15.
This development is crucial for Boeing, which has faced a significant downturn in orders from China, its largest market, following a series of safety issues with the 737 Max. While Chinese airlines have turned to Airbus for new aircraft, a successful summit could reopen the door for Boeing, potentially leading to an order for up to 500 737 Max jets, as previously reported. Such a deal would not only enhance Boeing’s order book but also signal a thaw in U.S.-China trade relations.
Market professionals should monitor the outcome of the Trump-Xi meeting closely, as a positive resolution could significantly impact Boeing’s stock performance and restore its competitive position against Airbus in the Chinese market.
Source: cnbc.com