Article

2023-12-14 Economy

Boeing Shares up as China mulls Boeing 737 MAX aircraft buy

Nov 13 (Reuters) - Shares of Boeing (BA.N) rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker's best-selling 737 MAX aircraft after more than four years.

This, coupled with bumper jet orders from Middle Eastern airlines at the Dubai Airshow, sent Boeing shares up 4%. Supplier Spirit Aerosystems (SPR.N) also rose 2.7%.

China is considering resuming purchases of Boeing's 737 MAX aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter.

The resumption of 737 orders from China would be meaningful to Boeing's bottom line over the next six to 18 months, said Thomas Hayes, chairman of hedge fund Great Hill Capital.

Deliveries of Boeing's bestselling 737 MAX to Chinese airlines were halted following two deadly crashes.

Posted by Besoeker 2023-12-14 00:00|| || Front Page|| [11132 views ] Top
File under: Commies

#1 Makes sense - MBTA here in Mass. bought tons of ChiCom trains which are already breaking down. Let's sell them back some worthless shit.

Posted by Raj 2023-12-14 00:07|| 2023-12-14 00:07|| Front Page Top

#2 @Raj, the T only needs $64 Billion to fix all the problems. Will the Commiewealth raise income tax rates, sales tax, or just divert gas tax and toll revenue to fix the problems?

Back on topic, I guess that the Chinese don't have a lot of confidence in their home grown copy of the 737. The proles will get to fly in those, but party big shots will get to fly in the Boeings.

Posted by EMSArtifact 2023-12-14 00:24|| 2023-12-14 00:24|| Front Page Top

#3 China-made C919, ARJ21 passenger jets on display in Hong Kong

Posted by Skidmark 2023-12-14 03:34|| 2023-12-14 03:34|| Front Page Top

#4 Boeing and the MIC customer base to be expanded ?

Notice the lack of 'war with China' rhetoric ?

Posted by Besoeker 2023-12-14 05:23|| 2023-12-14 05:23|| Front Page Top

#5 China's fake replacement part industry needs more examples to work from.

Posted by M. Murcek 2023-12-14 06:03|| 2023-12-14 06:03|| Front Page Top

#6 ^ This

Posted by Frank G 2023-12-14 06:46|| 2023-12-14 06:46|| Front Page Top

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