Trump-Xi Summit Yields Boeing's First Major China Sale in a Decade: 200 Planes

Boeing has secured its first major sale to China in nearly a decade, with an agreement for 200 planes announced on May 15 following President Donald Trump’s summit with Chinese President Xi Jinping. This deal marks a significant breakthrough for the US aerospace company as it reenters a market once central to its long-term growth. Trump mentioned that China also reserved the right to purchase up to 750 Boeing aircraft as part of the deal, though Boeing confirmed the 200-plane order without specifying details.

The agreement is seen as a positive step for Boeing, which has faced challenges in recent years, including financial pressure and scrutiny over production issues. The company’s CEO, Kelly Ortberg, expressed confidence that any broad US-China trade agreement would be a meaningful opportunity for Boeing. The potential deal also benefits General Electric, which is expected to supply 400 to 450 engines to China.

Since Trump began his second term, his administration has focused on reviving US manufacturing, with Boeing being a key player. Major aircraft agreements have followed meetings between Trump and foreign leaders, including deals with Qatar Airways, Korean Air, Turkish Airlines, and Emirates. These agreements highlight Boeing’s efforts to expand its global presence and secure new orders.

Before the COVID-19 pandemic, roughly a third of Boeing’s narrowbody airliners went to China, but business there plummeted as US-China relations soured. China was the first country to ground the 737 Max in 2019 after two crashes, and Chinese airlines did not resume Max flights until January 2023. Despite these challenges, Boeing continues to pursue opportunities in the Chinese market.