Boeing Restarts Direct Deliveries Of 787 Dreamliner To China After Long Pause
Portfolio Pulse from Benzinga Neuro
Boeing Co. (NYSE:BA) has resumed direct deliveries of its 787 Dreamliner to China with the first delivery to Juneyao Airlines since November 2019. This event marks a significant step for Boeing, which has been working to ramp up production and deliveries of new jets, including the 737 Max, which deliveries to China were halted almost five years ago due to safety concerns. The resumption of deliveries follows Boeing's recent approval from China's aviation regulator to resume 737 MAX deliveries and a competitive deal with Thai Airways favoring the 787 over Airbus.
December 22, 2023 | 5:13 am
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Boeing has resumed direct deliveries of the 787 Dreamliner to China, which could lead to an increase in production and deliveries, including the 737 Max. This resumption is a positive development for Boeing, indicating potential growth in the Chinese market and improved relations with Chinese airlines.
The resumption of 787 Dreamliner deliveries to China is a significant positive development for Boeing, suggesting an improvement in its relationship with the Chinese market and a potential increase in future revenues from this region. The news also indicates progress towards the resumption of 737 Max deliveries, which could further boost Boeing's financial performance. The positive sentiment from this news is likely to have a favorable impact on Boeing's stock price in the short term.
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