Market hopes are rising for increased orders of American-made Boeing aircraft from Chinese airlines as tensions ease and the need for new supplies grows, following US Commerce Secretary Gina Raimondo's visit to China and discussions on economic cooperation.
Vietnam Airlines is expected to sign a deal to purchase approximately 50 Boeing 737 Max jets valued at $7.5 billion.
SMBC Aviation Capital has ordered an additional 25 Boeing 737 MAX 8 aircraft, bringing its portfolio of MAX jets to over 80 planes, citing the aircraft's versatility and fuel efficiency as key assets.
Boeing predicts a surge in jet demand, particularly from China, indicating a positive outlook for the company.
Boeing has received a large order for its 787 Dreamliner and plans to increase production of its 737 jet, while United Airlines placed an order for 110 aircraft including Dreamliner and Airbus jets.
Boeing experienced strong sales in September with 214 net new commercial airplane orders, surpassing European rival Airbus, but manufacturing quality issues and the impact of the pandemic have resulted in lower jet deliveries.
