Boeing Nears 500-Jet China Deal to Restore MAX Orders Since 2017
BA•Boeing is negotiating a sale of around 500 aircraft, mainly 737 MAX jets, to China’s three largest carriers, marking its first Chinese order since 2017. CEO Kelly Ortberg’s attendance on President Trump’s China trip and White House backing indicate the deal is finalized.
1. Negotiations for 500-Jet Sale
Boeing is reported to be finalizing negotiations for a landmark purchase of approximately 500 aircraft, heavily weighted toward its 737 MAX family, by China’s three major carriers. This transaction would represent the largest single deal for Boeing in the Chinese market since its MAX jets were grounded in 2019.
2. Executive Participation Signals Confidence
CEO Kelly Ortberg’s decision to accompany President Trump on the China summit trip underscores the administration’s support and suggests the order is a fait accompli. His presence alongside senior U.S. officials is intended to facilitate signing ceremonies and publicize the revival of U.S. aerospace exports.
3. First Chinese Order Since 2017
China grounded the 737 MAX in March 2019 following two fatal crashes, delaying deliveries for four years until partial resumptions began in January 2024. Since the ban, Boeing has delivered just over 100 jets versus nearly that many in 2018 alone, making this potential order its first officially recorded Chinese purchase since 2017.
4. Revenue Implications
With 737 jets carrying list prices near $100 million each, a 500-aircraft deal equates to about $50 billion in list value before discounts. Boeing’s guidance for 2025 anticipates delivery of just 52 737s, so this order could significantly bolster production volumes and cash flow if executed.
