Boeing Readies 737 Max China Delivery Restart After 4 Years
Portfolio Pulse from Benzinga Newsdesk
Boeing is preparing to restart deliveries of its 737 Max to China after a hiatus of nearly four years, according to Bloomberg. This comes as China's aviation regulator is reportedly close to lifting a grounding order on the jet.
August 25, 2023 | 5:16 pm
News sentiment analysis
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NEUTRAL IMPACT
The iShares China Large-Cap ETF (FXI) may see a neutral impact from this news. While Boeing's resumption of deliveries could be a positive for Chinese airlines included in the ETF, it's just one of many factors that could influence the ETF's performance.
While the resumption of Boeing's deliveries could be a positive for Chinese airlines included in the ETF, the ETF's performance is influenced by a wide range of factors, including the performance of other companies in the ETF and broader market trends.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Boeing's stock may see a positive impact as the company is set to resume deliveries of its 737 Max to China, a significant market for the aviation industry.
Resuming deliveries to China, a major market, could boost Boeing's revenues and profitability, which would likely be viewed positively by investors and could drive the stock price up.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90