Chinese purchases of US-made Boeing aircrafts are shaping up to be part of a large trade deal being negotiated, according to Boeing chief executive Eric M. Johnson. The trade war has put pressure on Boeing, which sells nearly a third of its 737 jetliners to customers in China. The country's aviation market is poised to overtake the US as the largest in the world in the next decade, making huge purchases from both Boeing and its European rival Airbus SE, as well as investing in Chinese ventures. Boeing estimates China's demand for 7,700 new aircraft in the next 20 years at $1.2tn.
Chinese purchases of US-made Boeing aircrafts are shaping up to be part of a large trade deal being negotiated, according to Boeing chief executive Dennis Muilenburg. The trade war has put pressure on Boeing, which sells nearly a third of its 737 jetliners to customers in China. The country's aviation market is poised to overtake the US as the largest in the world in the next decade, making huge purchases from both Boeing and its European rival Airbus SE, as well as investing in Chinese ventures. Boeing estimates China's demand for 7,700 new aircraft in the next 20 years at $1.2tn.