© Reuters. Boeing (BA) Shares Rise On News a 737 MAX Flight Lands in China
By Sam Boughedda
Boeing (NYSE:) shares are trading higher after it was reported that flight tracking websites showed a 737 MAX flight by airline MIAT Mongolian touched down in Guangzhou, China, on Monday morning.
The flight potentially represents the first commercial flight to China by the model since the country decided to ground the plane in March 2019.
Airlines in China have not yet put the 737 MAX back into commercial service, while Boeing recently stated it would remarket some of the planes that were initially meant for customers in China.
Despite China not yet recertifying the 737 MAX, it has returned to commercial services in most other markets.
Boeing shares are currently up 3% at $133.68 after hitting a high of $135.74 at the start of the session. Even so, in 2022, the company’s stock price has declined more than 34%.