China has agreed to buy 200 Boeing jets, U.S. President Donald Trump told Fox News on Thursday.
According to Reuters, the number was far fewer than analysts had expected, and the planemaker’s shares fell.
Details of the deal were not immediately available, including when and which types of jets would be delivered, but the amount was much smaller than the roughly 500-plane package that sources told Reuters was under discussion ahead of a meeting on Thursday between Trump and Chinese leader Xi Jinping.
“One thing he agreed to today, he’s going to order 200 jets … 200 big ones,” Trump said on Fox News’ Hannity, referring to Xi.
Boeing shares fell 4.1% during market trading afterward.
The talks had been for 500 Boeing 737 MAX jets, plus possibly dozens of more expensive widebody jets in follow-on orders after the summit, Reuters reported, citing sources familiar with the discussions. China has also been in talks for a similarly sized deal with European planemaker Airbus.
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