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Airlines are demonstrating continued confidence in Boeing, with the company narrowly surpassing Airbus in order tallies at the Farnborough Airshow. This signals a positive trend for Boeing under its new CEO, Kelly Ortberg.
Boeing's chief executive, Kelly Ortberg, visited Beijing to close a deal, but the article suggests China's interests extend beyond just purchasing aircraft from Washington.
Boeing CEO Kelly Ortberg indicated that the company requires a 'couple more years' to stabilize its finances before focusing on developing a successor to its best-selling 737 MAX, prioritizing existing business over new jet development.
President Donald Trump arrived in China for a summit with President Xi Jinping, aiming to stabilize US-China relations and address trade tensions following a tariff war. The visit is marked by discussions on geopolitical rivalry and economic interests, with American CEOs accompanying Trump.
Boeing reported a significant increase in jet deliveries for May, reaching 60 aircraft, a 33% jump from last year, with 51 of those being 737 MAX jets—the highest monthly total since production restarted in December 2024, indicating a positive turnaround under CEO Kelly Ortberg.
The US military reported intercepting Iranian attacks in the Strait of Hormuz, leading to renewed tensions. President Trump described the strikes as a "love tap" while warning Iran of harsher retaliation.