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
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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
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