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Boeing's $3.62B China Southern Airlines Deal: Welcome But Not Transformative
At 17:02 · chapter starts 16:27
George Ferguson evaluates Boeing's 777 freighter deal with China Southern Airlines, noting it's a good order but 737 narrowbody orders would signal a true China market reopening. [1] — George Ferguson "Boeing landed a $3.62B order from China Southern Airlines for 777 freighters. Every order is good, but this one doesn't signal a broad Chin…" 17:02
Boeing secured a $3.62 billion order from China Southern Airlines for 777 freighters, its first major China win in years.
Boeing landed a $3.62B order from China Southern Airlines for 777 freighters. Every order is good, but this one doesn't signal a broad China reopening. Airbus is still getting the majority of China's deliveries. What would really matter is 737 narrowbody orders — and those haven't come yet.
China used the 737 MAX grounding as political cover to freeze Boeing out of its market during the US-China trade war. Since then, China's GDP growth has slowed, domestic demand has dropped, and the homegrown Comac C919 is ramping — just much slower than expected with only ~20 deliveries last year.
