Boeing (BA) has produced some incredible models over the year, the 737 is one of it’s best planes that it has produced.
Now with the opening of its new manufacturing plant in China, the first of it’s kind, will this help the otherwise falling stock price rise?
While Boeing holds a sales lead over Airbus in China, that gap is narrowing.
As of August this year, Boeing has 1,670 planes in service in China, followed closely by Airbus with 1,598 planes, according to data from CAPA Centre for Aviation.
The European planemaker hired a veteran Chinese official as its new China chief to improve relations with government and customers and opened an innovation center in Shenzhen, a southern Chinese tech boomtown.
While the plant was sent in motion before U.S. President Donald Trump was elected, the ribbon-cutting risks being overshadowed by his tit-for-tat on duties with China on products ranging from cars, machinery to pork and soybeans.
A three-month truce announced earlier this month has been under threat since the arrest of Huawei Technologies Co.’s chief financial officer in Canada after the U.S. sought her extradition on allegations of violating Iran sanctions.
Can news of Boeing’s new plant in China help the stock price, or will Airbus stock beat it with faster growth in China?