Washinton 16 May :Aircraft manufacturer Boeing will make its first major sale to China in nearly a decade under an agreement for 200 planes announced Friday after President Donald Trump’s summit with Chinese President Xi Jinping.
The deal represents a breakthrough in the US aerospace company’s efforts to reenter a market once central to its long-term growth.
Speaking to reporters aboard Air Force One as he returned from Beijing, Trump said China also reserved the right to buy as many as 750 Boeing aircraft as part of the deal. Boeing confirmed the 200-plane order later Friday but did not specify the types of planes or provide any other details.
“We had a very successful trip to China and accomplished our major goal of reopening the China market to orders for Boeing aircraft,” the company said in a statement, adding that looked forward to “continually addressing China’s aircraft demand.”
Boeing CEO Kelly Ortberg was among a large group of American CEOs who joined Trump during the president’s trip to Beijing, seeking to sell products and services to China.
Trump said the potential aircraft deal also would benefit General Electric, which he said would supply 400 to 450 engines to China. GE Aerospace Chairman and CEO H. Lawrence Culp also joined the president on his trip. The company did not immediately comment on the agreement.
Last month, Ortberg expressed confidence that any broad US-China trade agreement to emerge when Trump and Xi met would be a “meaningful opportunity” for Boeing.
“President Trump has been very focused on supporting us in international campaigns, and he’s been very successful in doing that,” Ortberg told investors.
Since Trump began serving his second term, his administration has made Boeing a focus of its plans to revive US manufacturing.
A visit to the Middle East a year ago culminated in major aircraft agreements, including a Qatar Airways order for up to 210 Boeing jets in what the planemaker described at the time as its largest-ever widebody aircraft order. Saudi Arabia also placed commercial jetliner orders during the trip.
Other major Boeing agreements have followed meetings between Trump and foreign leaders. In August, Korean Air formalized a roughly $50 billion deal to buy more than 100 Boeing aircraft, spare engines and long-term maintenance services during South Korean President Lee Jae Myung’s visit to Washington.
The following month, a day after Turkish President Recep Tayyip Erdoğan met with Trump in Washington, Turkish Airlines said it planned to add 225 Boeing aircraft to its fleet.
In another win for Boeing, the biennial Dubai Air Show opened in November with hometown airline Emirates ordering 65 of Boeing’s upcoming 777-9 aircraft. Days later, FlyDubai, the lower-cost sister carrier of Emirates, announced it had ordered 75 additional Boeing 737 MAX aircraft.
Before the COVID-19 pandemic, roughly a third of the narrowbody airliners Boeing delivered went to China. But the company’s business there plummeted as US-China relations soured.
China also was the first country to ground the 737 Max in 2019 after two of the then-new models crashed less than five months apart in Indonesia and Ethiopia, killing 346 people. Chinese airlines did not resume Max flights until January 2023, much later than carriers in many other countries.
Ortberg took over as Boeing’s CEO in 2024, a calamitous year for the company. In January of that year, a panel known as a door plug blew off a 737 Max shortly after takeoff from Portland, Oregon. Boeing faced mounting financial pressure as it came under intensifying scrutiny over alleged production and quality failures.
While there were some hopes this week’s US-China summit would result in concrete trade deal announcements, the president’s trip ended with a lot of uncertainty about what the two sides agreed on, said Bonnie Glaser, managing director of the Indo-Pacific program at the German Marshall Fund.
Glaser told a media briefing Friday that there had been little concrete information about trade agreements from the summit, including on Chinese purchases of US exports such as soybeans, liquefied natural gas and beef.
“All that we have is really what the president has told the world that China has agreed to,” Glaser said. ( AP )
