Boeing Pounces On Lion Air Deal, Stock Soars On China's Xi

Boeing (BA) scored a big deal with Indonesia's Lion Air, with the stock getting a further boost from China President Xi Jinping's promise to cut import tariffs, easing trade war fears.


The aeronautical giant won an order to supply 50 737 MAX 10 narrowbody jets with a list price of $6.24 billion. Big orders are often heavily discounted. Lion Air also said it will place a provisional order for 787 widebody jets in the next few weeks.

Boeing stock jumped about 4% to 335.20 on the stock...

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