China considers ending freeze on Boeing purchases with 737 Max aircraft deal in US

News Snapshot:

China is considering resuming purchases of Boeing’s 737 Max aircraft as US Presidents Joe Biden and China’s Xi Jinping set to meet this week, signalling the end of a prolonged commercial freeze in a crucial overseas market for the US aircraft manufacturer, Bloomberg News reported on Sunday, citing people familiar with the matter. The Chinese government is considering announcing a commitment to Boeing’s 737 jetliner during the APEC Summit in San Francisco, reflecting a recent improvement in bilateral relations. However, the terms of a possible agreement are still being discussed and may undergo changes or dissolution before the heads of...