Catenaa, Thursday, May 08, 2025- Boeing shares gained on Thursday after the UK announced a $10 billion purchase of Boeing planes as part of a private sector deal following the UK-US trade deal.
US Commerce Secretary Howard Lutnick announced at White House that the UK will purchase $10 billions of Boeing planes, though the details were unclear.
Lutnick indicated the deal was a private-sector purchase, saying he would let the airline make it announce the details. The White House’s graphic with the broad terms of the deal referred to $10 billion in “aircraft parts” purchases, without further details.
Lutnick also said the US agreed to allow Rolls-Royce jet engines and parts to be imported tariff free.
However, it’s not clear what kind of planes would be involved in the deal and whether any agreement would involve firm orders or options.
Following the announcement Boeing shares rose by 4.1% in early afternoon, Boeing shares have already gained by over 38% in the last one month period and the stock is up by 9.17% so far in the year.
Earlier, Boeing announced that Taiwan-based China Airlines has ordered 14 Boeing 777X wide-body aircraft, where China Airlines placed an order for ten 777-9 passenger aircraft and four 777-8 Freighter airplanes.
This order, which was booked in March 2025, also includes options for an additional five 777-9s and four 777-8 Freighters and will utilize the widebody jets’ increased capacity and extended range on its long-haul routes connecting Taiwan with North America and Europe.
