All posts tagged: Ortberg

Boeing CEO Kelly Ortberg set to join Trump on China visit next week

Boeing CEO Kelly Ortberg set to join Trump on China visit next week

Boeing CEO Kelly Ortberg is expected to join President Donald Trump on his visit to China next week, a source familiar with the planemaker’s plans told CNBC on Thursday. Trump is currently set to meet with Chinese President Xi Jinping in Beijing on May 14 and 15. Ortberg signaled in an earnings call late last month that China could soon place an order for a “big number” of Boeing planes, breaking a yearslong drought for the company. But any new deal with China is “100% dependent” on U.S.-Chinese relations, including the outcome of the Trump-Xi summit, Ortberg said. While Boeing has recently resumed deliveries of some aircraft to China in the years following a pause after two crashes of the company’s 737 Max 8 jets in 2018 and 2019, it’s been almost a decade since Chinese airlines made a big order with Boeing. Those airlines have, however, purchased from Boeing’s main rival, Airbus. China Southern Airlines agreed to buy 137 Airbus A320 aircraft valued at $21.4 billion at list prices, according to a post on …