Boeing Stock Drops 4% After Trump: China Orders 200 Planes

Thairath•International•33d ago

Reader Briefing

Boeing's stock price declined by over 4% following President Trump's announcement that China agreed to purchase only 200 aircraft, a figure significantly below market expectations.

•Boeing's stock fell more than 4% after U.S. President Donald Trump stated China would order 200 aircraft.
•The announced order of 200 planes is substantially lower than the previously anticipated 500 aircraft.
•The deal was revealed by President Trump following discussions with Chinese President Xi Jinping.
•Analysts view the order as 'below expectations' and highlight the intense competition between Boeing and Airbus in the Chinese market.

Overview

•Boeing stock price fell 4.1% on Thursday, May 14th.
•U.S. President Donald Trump announced that China agreed to order 200 Boeing aircraft.
•Donald Trump stated, "One of the things he agreed to today is he's going to buy 200 planes, 200 big planes."
•The announced order of 200 aircraft is significantly lower than analysts' expectations of up to 500 planes.
•Analysts consider the order "less than expected" amid fierce competition with Airbus for the Chinese aviation market.
•China is the world's second-largest aviation market and requires an estimated 1,000 new aircraft currently.
•China previously placed a large order of 300 aircraft from Boeing in 2017.

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Key Quotes

Donald Trump

""One of the things he agreed to today is he's going to buy 200 planes, 200 big planes.""

"สิ่งหนึ่งที่เขาตกลงในวันนี้คือ เขาจะสั่งซื้อเครื่องบิน 200 ลำ เป็นเครื่องบินลำใหญ่ 200 ลำ"

Key Entities

Organization

Boeing(โบอิ้ง)ℹ️

U.S. aircraft manufacturer whose stock price fell.

Airbus(แอร์บัส)ℹ️

Competitor to Boeing vying for the Chinese aviation market.

BNP Paribasℹ️

Financial services company where Matt Akers is an investment analyst.

GE Aerospaceℹ️

Company whose CEO, Larry Culp, accompanied President Trump on his visit to China.

Fox Newsℹ️

Television station where President Trump gave an interview.

Person

Donald Trump(ทรัมป์)ℹ️

U.S. President who announced China's aircraft order.

Xi Jinping(สี จิ้นผิง)ℹ️

President of China with whom Donald Trump held discussions.

Matt Akers(แมตต์ เอเคอร์ส)

Investment analyst from BNP Paribas commenting on the Boeing order.

Kelly Ortberg(เคลลี ออร์ตเบิร์ก)

CEO of Boeing who accompanied President Trump on his visit to China.

Larry Culp(ลาร์รี คัลป์)

CEO of GE Aerospace who accompanied President Trump on his visit to China.

Place

China(จีน)ℹ️

Country that agreed to order Boeing aircraft.

Tianjin(เทียนจิน)ℹ️

City in China where Airbus has an assembly plant.

Law

A320ℹ️

Airbus aircraft model assembled in Tianjin, China.

737 MAXℹ️

Boeing aircraft model potentially included in the large order expected from China.