Hope fading for new Boeing deal during U.S.-China summit, sources say

SEATTLE – Hopes for a new China commitment to buy Boeing planes are sinking ahead of a Thursday summit between the U.S. and Chinese presidents, two people briefed on the matter said on Wednesday, with negotiations still in flux. The planemaker instead is trying to finalize a May deal for China to buy 200 planes, rather than earlier hopes of securing new commitments for hundreds more jets, the people said on condition of anonymity because the talks are private. The provisional deal struck in tandem with U.S.

President Donald Trump’s last summit with Chinese counterpart Xi Jinping in Beijing put Boeing back into competition for Chinese jetliner orders.