Make Kitco Your Homepage

Boeing CEO says hopeful U.S.-China on course to resolve trade dispute

Kitco News

(Reuters) - Boeing Co (BA.N) Chief Executive Officer Dennis Muilenburg said on Thursday he is hopeful that China and the U.S. are on a path to resolve their trade spat, on a day when global stocks fell on renewed fears of a trade war between the world’s two largest economies.

“We are hopeful coming out of the G20 summit that we are on a path to finding a trade agreement with China that’s going to be productive,” Muilenburg said in an interview with CNBC on Thursday.

China has become a key hunting ground for deals for foreign aviation firms thanks to surging travel demand, but the outlook has been complicated by Beijing’s desire to grow its own champions in industry.

Muilenburg also said 737 MAX is a “safe aircraft”, two months after a Boeing 737 MAX of Indonesia’s Lion Air Group crashed, killing all 189 people aboard. He added that the planemaker had a healthy production backlog.

Boeing shares fell about 4 percent while the Dow and the S&P were down more than 1.5 percent.

Reporting by Sonam Rai in Bengaluru; Editing by Shailesh Kuber

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News