News Worms
News Worms


Boeing, China Announce Airplane Sales During Presidential Trade Mission

Boeing, China Announce Airplane Sales During Presidential Trade Mission

According to analysts, some of the orders may be amongst the 300 undisclosed buyers posted this year by the company and that it was not yet understood how much of the newest deal with China would be entirely new businesses.

However, this time it was Boeing who won the $37 billion deal.

China Aviation Supplies, a state run service that leases aircrafts to most airlines in China and works alongside other companies to finalize any deal made by China on aviation machinery, have recently confirmed that the order that Boeing has won will consist of 40 B777s and B787s, along with 260 B737s.

A spokesman for the planemaker declined to comment on what proportion of the China deals were new or existing orders.

As of October 24, Boeing reported that they have 334 orders from unidentified customers with 290 of them for 737s.

Separately on Thursday, Boeing said it had received orders for 42 B-737 MAX jets and 10 B-787-9 Dreamliners from CDB Aviation, a unit of China Development Bank Financial Leasing Co (1606.HK).

"China is a valued customer and key partner, and we're proud that Boeing airplanes will be a part of its fleet growth for years to come", said McAllister.

Boeing and European rival Airbus (AIR.PA) have been jostling for market share in China, the world's fastest growing aviation market, with both opening assembly plants in the country.

China Aviation Supplies played prominent roles in deals that were announced during the exchanges of previous governments.

This big order in China follows Boeing's sale of 39 wide-body jets to Singapore Airlines last month.

Earlier on Thursday, General Electric said it had signed deals worth $3.5 billion in China.

The deal, which was signed in Beijing on November 9, coincided with USA president Donald Trump's state visit to China.

GE also signed a framework agreement with China Datang Group to supply it with gas turbines and other components for Chinese domestic projects valued at about $1 billion.

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