Boeing announced plans to resume deliveries of its airplanes to Chinese airlines this month, marking a significant development for the aerospace giant. This new round of talks follows a 15-month hiatus due to the trade spat between the previous Trump administration and Beijing. These tensions hit Boeing’s business in China—the company’s largest market—especially hard.
The company has been actively working to strengthen its relationship with Chinese airlines, which are crucial for its recovery and growth. Now Boeing, an amazing performance year to date. As of the end of May, the company had already hand-delivered 220 airplanes to private, business, and government customers. This number is a testament to the continued robust demand in the aviation industry as global travel starts to recover.
In just May, Boeing delivered successful 45 jets, keeping a torrid pace of deliveries. This number is consistent with the deliveries made in April and demonstrates the company’s ability to meet customer expectations despite previous challenges. Boeing’s performance last May, when it delivered 24 aircraft, was particularly strong. This represents a more than seven fold increase in their production and delivery capacity.
The decision to resume deliveries to China signifies a positive shift in the dynamics of international trade relations and suggests that both Boeing and Chinese airlines are eager to move forward. Boeing’s analysts predict this announcement will drive significant new orders from Chinese customers, further maintaining Boeing’s strong market leadership position.
Boeing’s currently strategic imperative of re-establishing a foothold in China is viewed as critical to their long-term success. The country is an important market for US commercial aviation. We all know that air travel demand is through the roof and that fleet of commercial aircraft is booming.