Boeing Restarts 737 MAX Shipments to China

The Boeing Company (NYSE:BA) is one of the best Dow stocks to invest in.

On June 9, a Boeing 737 MAX aircraft landed in China, marking what appears to be the resumption of deliveries to Chinese airlines after a pause linked to trade tensions between the US and China. Flight tracking data showed the jet, painted in Xiamen Airlines livery, arrived at Boeing’s Zhoushan completion center near Shanghai after departing from Seattle and stopping in Hawaii and Guam to refuel.

The Boeing Company (NYSE:BA) had suspended deliveries to China in April when both countries escalated tariffs. However, the company indicated in late May that shipments would restart in June, following a temporary 90-day easing of those tariffs.

The same aircraft had initially been ferried to Zhoushan in March but was sent back to the US in mid-April after Chinese airlines halted acceptance of new Boeing jets. According to Flightradar24, it was the first of at least three planes returned by Boeing from Zhoushan that month.

China accounts for about 10% of The Boeing Company (NYSE:BA)’s commercial order backlog and remains a key market for the manufacturer. Talks between Chinese and US officials on a potential trade agreement are set to take place in London.

The Boeing Company (NYSE:BA), Xiamen Airlines, and the Civil Aviation Authority of China did not immediately comment on the resumed delivery.

Previously, Boeing had stated that due to tariffs, Chinese customers had declined to take delivery of new jets, prompting the company to consider reselling dozens of aircraft, though none were redirected. The company had forecast delivering 50 planes to China over the rest of the year, with 41 already built or in production.

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