China has removed its ban on airlines accepting Boeing planes after Beijing and Washington agreed to temporarily reduce the steep tariffs on one another.
Shares could benefit if the breakthrough in trade talks means Beijing will restart accepting deliveries.
China has lifted a ban on the delivery of Boeing Co (NYSE:BA, ETR:BCO) aircraft, following a temporary easing of tariffs agreed with the United States, according to Bloomberg. Beijing has begun informing airlines and government bodies that US-made aircraft deliveries can resume.
China removed a month-long ban on airlines taking delivery of Boeing Co. planes, according to people familiar with the matter, following a breakthrough in trade talks with the US that temporarily slashed tariffs on each side. Bloomberg's Danny Lee reports.
China has removed a ban on airlines taking delivery of Boeing planes following a trade truce with the United States, Bloomberg News reported on Tuesday.
Boeing's recent orders from IAG and Qatar Airways highlight its strong position but are not primarily aimed at reducing trade deficits with the US. The IAG order includes 94 airplanes, split between Boeing and Airbus, showing the complexity of airline procurement beyond trade deficit considerations. Qatar Airways' potential $34.4 billion order with Boeing underscores strategic political and defense relationships rather than trade deficit reduction.
U.S. President Donald Trump said Qatar had made a "very nice gesture" of providing a Boeing 747 to act as the presidential jet. "It's taken Boeing so long to build a new Air Force One, we have an Air Force One that's 40 years old," Trump said.
Qatar's royal family has offered a luxury Boeing 747 for Donald Trump's use as president. Boeing already has a contract for two new 747s.
International Airlines Group is ordering 32 Boeing 787-10 jets, a deal hinted at by Commerce Secretary Howard Lutnick.
Boeing Co (NYSE:BA, ETR:BCO) will sell $10 billion worth of aircraft to the United Kingdom under a new trade agreement that also secures tariff exemptions for British-made Rolls-Royce engines and aircraft parts, US Commerce Secretary Howard Lutnick said on Thursday. The order, expected to be announced later today, sent Boeing shares up 3.5% in early trading as investors welcomed the major transatlantic sale and its potential ripple effects across the aerospace sector.
Boeing-owned Wisk Aero announced Wednesday that its CEO Brian Yutko is leaving to take over product development for Boeing's commercial airplanes division.
Nvidia CEO Jensen Huang made a not-very-subtle case for the Trump administration to review their China microchip restrictions.