China Considers Resuming Boeing 737 Max Purchases
Potential Agreement to be Discussed at Upcoming APEC Summit
- China is considering resuming purchases of Boeing's 737 Max aircraft during the upcoming APEC summit where the U.S. and Chinese presidents will meet.
- The terms of any potential agreement are still under discussion and could change or fall apart before the heads of state meet on Wednesday.
- Boeing has been all but shut out of new orders from Chinese carriers since 2017 amid rising political and trade tensions between Beijing and Washington.
- Boeing is still waiting to resume deliveries of its bestselling 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes.
- Boeing in September slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel.