China is Buying 300 Boeing Jets

Shares of Boeing are just above break-even in the final half hour of premarket trading on Wednesday, after a very surprising deal was inked between Boeing and China.  Under the deal, three Chinese firms have ordered 300 Boeing jets. China Aviation Supplies Holdings, ICBC Financial Leasing, and China Development Bank Leasing are said to be the three Chinese corporate entities that will receive the Boeing jets. However, the type of Boeing jet and the total amount of the deal have not been released, thus far.  In addition to the string of new jet orders for Boeing, it was announced that Boeing will build an assembly plant in China as well.  This news has propelled Boeing into China, which has...