- A deal for the twin-aisle aircraft would likely be announced at a later date, and isn’t expected to feature in the upcoming summit, as per the report.
- Boeing’s aircraft stand to feature prominently in a trade agreement between Chinese President Xi Jinping and Trump.
- The report said that Boeing’s order isn’t assured and there’s a chance talks could hit an impasse, given the tensions between the two countries as well as geopolitical uncertainty.
Boeing (BA) is reportedly closing in on "one of the largest sales in its history," a 500-aircraft order for 737 Max jets from China, set to be unveiled when President Donald Trump travels to the Asian country.
The two sides are also in talks for a widebody sale that includes about 100 Boeing 787 Dreamliner and 777X jets, a Bloomberg report said, citing people familiar with the matter.
A deal for the twin-aisle aircraft would likely be announced at a later date, and isn’t expected to feature in the upcoming summit as per the report.
Shares in the company jumped 4% at the time of writing.
Deal Details
Boeing’s aircraft stand to feature prominently in a trade agreement between Chinese President Xi Jinping and Trump. The U.S. president plans to visit China from March 31 to April 2 for the meeting, while President Xi Jinping is expected to visit Washington later in the year, the report said.
Bloomberg’s report also said that Boeing’s order isn’t assured and there is a chance talks could hit an impasse, with a deal not being completed amid the tensions and geopolitical uncertainty between the two nations as well as the ongoing U.S.-Israel-Iran war, The U.S. president’s trip could also be postponed amid the ongoing war with Iran.
How Did Stocktwits Users React?
Retail sentiment around BA stock trended in the ‘extremely bullish’ territory amid ‘high’ message volume.
One bullish user said that there are a lot of catalysts for Boeing, the biggest being China’s confidence in the company to deliver.
Another bullish user predicted Boeing would get more defence orders soon.
Shares in the company have risen 6% year-to-date.
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