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KhanhC.Hoang
Aug 28, 2023 1:09 PM

BA trading in range: $205 - $240 Long

Boeing Company (The)NYSE

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Boeing is preparing to restart delivery of 737 Max jets to China for the first time in four years.

The deliveries are expected to start within weeks, according to a Bloomberg report on Friday, which cited people familiar. China Southern Airlines Co. is exptected to take the first 737 Max from the aircraft maker.

China grounded all Boeing 737 Max jets in the country four years ago after two deadly crashes of the plane in Indonesia and Ethiopia. Since January, Chinese airlines have been putting the planes back in the air to keep up with surging demand for air travel after the rollback of pandemic lockdowns.
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