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Trump says China to buy 200 Boeing planes, much lower than expected
Neither the Chinese government nor Boeing issued statements confirming the purchase agreement.
China has agreed to buy 200 Boeing jets, with a potential for the order to rise to as many as 750 planes, United States President Donald Trump has said, adding that the planes would have GE Aerospace engines.
The deal “includes approximately 200 planes and a promise of up to 750 if they do a good job”, Trump told reporters on Air Force One on Friday. More details about the deal, such as which type of jets and when the order would be delivered, were not immediately available.
Neither the Chinese government nor Boeing issued statements confirming the purchase agreement, which would mark a significant breakthrough in a market that was once central to the US aerospace company’s long-term growth and from which the US planemaker was largely shut out, amid trade tensions between Beijing and Washington. Planemakers usually disclose large deals once they are formalised.
Trump’s Boeing jet deal may help stabilise China-US aerospace ties
Details ranging from specific models, delivery arrangements and how Chinese operators would allocate the 200 planes are still lacking
China’s first major order for Boeing aircraft in nearly a decade, along with an agreement to buy aircraft engines, could relieve pent-up demand for fleet upgrades and help the maker of the domestically built C919 secure stable supplies, analysts said.
Trump also revealed an agreement for the purchase of up to 450 General Electric aircraft engines.
Richard Aboulafia, managing director at the US-based aerospace consulting firm AeroDynamic Advisory, said the smaller order was “not a snub, but no great victory either”.
“[It] keeps the door open and perhaps helps keep Airbus pricing more aggressive,” he added.
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