Boeing secures first Dreamliner delivery to China since 2019
- Juneyao Airlines took delivery of its newest 787 Dreamliner on Thursday, a potential precursor to the resumption of 737 Max deliveries
- Another 787 destined for China Eastern Airlines is also being prepared, evidence that the Juneyao delivery is not a one-off event
China has signed off on the first direct delivery of a Boeing 787 jet in four years, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries.
A spokesman for Juneyao declined to comment. Boeing confirmed the Juneyao Air delivery in an emailed statement.
Boeing pared an early gain of as much as 2.8 per cent to trade up 0.6 per cent as of 3:19 pm in New York. The stock has soared 47 per cent since the end of October on signs the industrial titan is starting to speed up deliveries of its two main cash cow planes.
The development comes as Boeing and all Chinese airlines wait for Beijing to allow 737 Max deliveries for the first time in almost five years. That model of jet was grounded globally in 2019 after two fatal crashes. Jefferies LLC has said it expects 737 Max deliveries to Asia’s biggest economy to take place after the 787 delivery.
