China president Xi visits Boeing to confirm 300 plane purchase

China president Xi visits Boeing to confirm 300 plane purchase

Boeing has welcomed China president Xi Jinping to its wide-body commercial airplane factory and announced several agreements that will broaden and deepen mutually beneficial cooperation between Boeing and China.

The agreements include orders and commitments for 300 Boeing narrow-body and wide-body aircraft and expanded collaboration between Boeing and China’s commercial aviation industry.

Together, Boeing and China committed to further advance development of China’s commercial aviation industry and meet strategic business objectives for Boeing in the world’s largest airplane market going forward.

President Xi, accompanied by Boeing executives, viewed final assembly lines for the 787 Dreamliner, 777 and 747-8, as well as aircraft components made by Chinese aviation suppliers.

The president also spoke with Boeing employees and the 787 chief pilot about their work on airplanes built for Chinese carriers.

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Boeing president Dennis Muilenburg said Boeing appreciated China’s continued trust and confidence.

“Today’s visit by President Xi represents a new chapter in the valuable relationship between Boeing and China,” Muilenburg said.

“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.”

Boeing Commercial Airplanes

Boeing and China Aviation Supplies Holding Company also signed a General Terms Agreement related to the purchase of 300 airplanes.

The package has a value of approximately $38 billion at list prices.

Aircraft orders and commitments include 240 airplanes for Chinese airlines, including 190 737s and 50 wide-body aircraft, as well as 60 737s for leasing companies ICBC and CDB Leasing.

“Boeing airplanes have played an important role in supporting the development of China’s aviation transportation for the past 40 years,” said Li Hai, president of China Aviation Supplies Holding Company.

“These additional airplanes will further help connect the people in China and around the world.”