China’s decision to ground Boeing Co’s 737 MAX jets after the deadly Ethiopian Airlines crash has crushed hopes of a major jet order in the US-China trade deal, said Reuters.
A potential order for more than 100 jets worth over $10 billion was part of conversation in recent weeks as Washington and Beijing reported progress in trade talks.
Now sources say it is uncertain how willing China will be to endorse the 737 MAX after ordering its airlines to stop flying the model, said Reuters.
The incident raises concern for the jetliner company as China is Boeing’s largest export market, delivering one-fourth of its plane to China.