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Boeing (NYSE:BA) agreed to sell 200 aircraft to China in a landmark deal, its first major order from the country in almost a decade.
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The order was confirmed after high level diplomatic efforts and is smaller than the previously anticipated 500 jet agreement.
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The transaction marks a renewed opening of the Chinese market for Boeing following years of strained U.S. China trade relations.
Boeing is a core supplier of commercial aircraft worldwide, and China is one of the largest aviation markets. After a long gap in major Chinese orders, this 200 jet deal puts the country back on Boeing’s customer list in a meaningful way. For…
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Source finance.yahoo.com
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