Boeing Shares Take Off on Report That China May Lift 737 Freeze, Bumper Dubai Orders

A Boeing logo is seen on a 777-9 aircraft on display during the 54th International Paris Airshow at Le Bourget Airport near Paris on June 18, 2023. Benoit Tessier/Reuters

Shares of Boeing rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker’s best-selling 737 MAX aircraft after more than four years.

This, coupled with bumper jet orders from Middle Eastern airlines at the Dubai Airshow, sent Boeing shares up 4 percent. Supplier Spirit Aerosystems also rose 2.7 percent.