Boeing stock rises on potential 500-plane China deal

Investing.com -- Boeing (NYSE: BA) stock rose 2.5% Thursday morning following a Bloomberg report that the aerospace giant is nearing a deal to sell as many as 500 aircraft to China.

The potential mega-order would end a sales drought in China that has persisted since 2017. According to people familiar with the matter, Boeing and Chinese officials are still negotiating key terms of the complex transaction, including aircraft types, volumes, and delivery schedules.

Chinese officials have reportedly begun consulting with domestic airlines to determine their Boeing aircraft needs. The developing deal appears similar in scope to an order for up to 500 jets that China has arranged with Airbus (EPA:AIR) but has not yet announced publicly.

The sources indicated that finalizing the Boeing agreement depends on the U.S. and China resolving trade tensions, and cautioned that negotiations could still collapse.

If completed, this order would represent a significant breakthrough for Boeing in the critical Chinese market after years of strained relations between the two countries limited the company’s access to one of the world’s fastest-growing aviation markets.

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