China progresses on Boeing deal

The United States announced that China is making progress in its commitment to purchase 200 airplanes from Boeing, a decision that was announced last May. Reports indicate that around 140 aircraft are in good standing, along with 10 airplanes currently in the process of being ordered. China has not yet approved additional requests ahead of the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping. The deal for 200 airplanes was the largest contract Boeing had with China in nearly a decade, and some reports expect China to increase its orders to 750 aircraft. However, Boeing's CEO confirmed that new orders will be announced at their own pace, with expectations of future demand growth.

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