Boeing announces 300 China orders and commitments

Boeing announced agreements for 300 China orders & commitments today after welcoming Chinese President Xi Jinping to its wide body commercial airplane factory.

The aerospace giant said it signed a General Terms Agreement with China Aviation Supplies Holding Company (CASC) for the purchase of 300 airplanes worth around $38 billion at list prices.

“Today’s visit by President Xi represents a new chapter in the valuable relationship between Boeing and China,” said President and CEO Dennis Muilenburg. “Boeing is committed to further strengthening and deepening our partnership with China in mutually beneficial ways that will bring positive outcomes to Boeing and our Chinese partners.”

Ray Conner, Boeing Commercial Airplanes President and CEO , said that the company will continue to collaborate with its customers, suppliers and other stakeholders in China “to support the long-term growth of China’s aviation industry and jobs here in the United States.”

“China is a critical international market for commercial airplanes,” said Conner. “We thank our Chinese customers for selecting fuel-efficient Boeing airplanes to meet their fleet growth and expansion.”

For the past four decades Boeing airplanes have played a key role in the development of China’s aviation transportation, according to Li Hai, president of China Aviation Supplies Holding Company. “These additional airplanes will further help connect the people in China and around the world,” he said.

In addition, it was recently announced that Commercial Aircraft Corporation of China Ltd. signed a cooperative document with Boeing for the construction of a 737 aircraft completion center in China, which – if everything goes to plan – would make it the first non-US airliner plant.