U.S. President Trump, on Wednesday, urged Boeing to maneuver soon to resolve issues with the grounded 737 MAX, noting the plane manufacturer’s significant impact on the U.S. economy.
Trump referenced studies that suggested the production pause of the 737 MAX could cut 0.5% from U.S. GDP this year.
The Trump government stated China agreed to purchase $77.7 billion in manufactured goods over two years, including aircraft; however, it didn’t disclose how much can be in new planes.
Chicago stationed Boeing boasts itself as the top U.S. plane exporter. It made a delivery of more than one out of every four aircraft it manufactured in 2018 to customers in China, the place it forecasts demand for 7,700 new planes over the subsequent 20 years, worth $1.2 trillion.
Aviation business sources stated Boeing was anticipated to win a major order for wide-body planes from China, along with its 787 or 777-9 models, or a mix of both. Such a deal could ease the strain on the 787 Dreamliner, which has suffered from a broad plunge in demand for large jets, forcing Boeing to halve production late last year.
China’s share in deliveries of Boeing planes dropped to its lowest in seven years in 2019.
Boeing halts production this month of the aircraft that has been grounded since March after two deadly crashes killed 346 people.
Last week, Boeing’s largest supplier, Spirit AeroSystems Holdings, stated it plans to lay off over 20% of its staff in Wichita, Kansas.
Trump stated he did not doubt that Boeing’s new CEO, David Calhoun, would be able to turn issues around.