BUSINESS

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BUSINESS

China may resume Boeing 737 MAX deal with US

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APEC Summit

China may buy Boeing 737 MAX planes at the APEC Summit in San Francisco, where Presidents Joe Biden and Xi Jinping will meet.

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Deal discussions ongoing

Details of the deal are still being discussed and could change before the summit. If there's an agreement, it might be a memorandum of understanding, not an official order.

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Sales freeze background

Boeing's 737 MAX sales in China were put on hold due to two crashes that resulted in a worldwide grounding of the model and, worsening relations between US and China.

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Stored jets await

Currently, Boeing has about 85 737 MAX jets designated for China in storage. Resuming deliveries could help Boeing achieve its goal of delivering 375-400 of these aircraft this year.

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Easing trade tensions

China's potential decision to restart purchases could signify restored faith in the aircraft's safety and hint at easing trade tensions between the US and China.