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Why Boeing Stock Popped on Monday

·2 min read
Why Boeing Stock Popped on Monday
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Shares of aerospace giant Boeing (NYSE: BA) were 4.4% higher by 10:50 a.m. EST on Monday on multiple announcements coming out of the Dubai Airshow over the weekend. First and foremost, Bloomberg quoted the company's head of commercial airplanes, Stan Deal, as saying he's hopeful that China will soon clear Boeing's 737 to resume flying in the world's most populous country. Separately, Boeing senior vice president Ihssane Mounir told CNBC that the company is close to resuming deliveries of the company's long-haul 787 Dreamliner, regulators permitting.