Boeing in talks to sell up to 500 planes to China: Bloomberg

New York: US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese companies, Bloomberg News reported on Thursday, citing sources fa...

New York: US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese companies, Bloomberg News reported on Thursday, citing sources familiar with the matter.

The deal would be a major win for the struggling US manufacturer, with company shares rising as high as 3.7 percent in pre-market trades, but up only around 0.2 percent at 11:20 am (1520 GMT).

Bloomberg's sources said the deal would be contingent on Washington and Beijing coming to a longer-term agreement in their simmering trade war.

The Boeing deal would likely be a key facet of a US-China trade deal, according to Bloomberg, whose sources said Chinese officials had begun surveying domestic airlines for how many planes they would need.

"We don't comment on speculation," Boeing told AFP, when asked about the report. Since taking office in January, President Donald Trump has hit trading partners around the world with new tariffs, seeking to address US trade deficits that he says are evidence of unfair practices.