Boeing and China in Talks Over Potential Sale of 500 Aircraft

American aircraft manufacturer Boeing is reportedly in negotiations to sell up to 500 passenger planes to China. According to a Bloomberg report citing sources familiar with the matter, this potential order is considered a significant development in the trade relations between the two countries.

Boeing’s shares rose by 2% in pre-market trading following the news. If finalized, this deal would mark China’s first major purchase from Boeing since the visit of former U.S. President Donald Trump, making it the most significant step forward in years.

The report stated that the parties are negotiating details such as aircraft models, types, and delivery schedules, with the agreement potentially becoming a central element of a broader trade deal between the world’s two largest economies.

Strategic Importance of the Chinese Market

China is the second-largest aviation market in the world. However, in recent years, Boeing’s orders in the region have stalled due to U.S.-China trade tensions. Such a large-scale purchase could help Boeing regain momentum in China.

This development is also seen as crucial in Boeing’s efforts to close the gap with its European rival Airbus, which has gained a stronger market share in China in recent years.

China’s Internal Consultation Process

According to Bloomberg, Chinese authorities have begun consulting with domestic airlines to assess their needs for Boeing aircraft. This indicates that the official ordering process could soon accelerate.

Diplomatic Impact on Global Sales

Aircraft purchases have increasingly become a topic of discussion during diplomatic visits. Earlier this year, Boeing secured one of the largest orders in its history during an official visit to the Middle East. Qatar Airways signed a deal worth approximately $96 billion, including an order for 160 widebody aircraft, 50 purchase options, and General Electric engines.