Date
22 May 2017
Xi Jinping listens to a Boeing employee as he tours the inside of a new 787 Dreamliner, set for delivery to a Chinese carrier, at a plant in Everett, Washington, on Wednesday. Credit: Reuters
Xi Jinping listens to a Boeing employee as he tours the inside of a new 787 Dreamliner, set for delivery to a Chinese carrier, at a plant in Everett, Washington, on Wednesday. Credit: Reuters

Boeing wins US$38 bln in orders, commitments from China

Boeing Co. said on Wednesday it has won orders and commitments from China for new aircraft worth about US$38 billion at list prices.

The deal, which involves 250 narrowbody 737 aircraft and 50 widebody aircraft, was announced as Chinese President Xi Jinping toured a Boeing factory in Everett, Washington, Reuters reported.

Xi told hundreds of Boeing employees in the factory that he sees bright prospects for future collaboration between China and Boeing.

Boeing Chief Executive Dennis Muilenburg thanked Xi for the orders and called his visit a “testament” to the relationship between the US, Boeing and China, the report said.

Earlier on Wednesday, ICBC Financial Leasing Co., a unit of Industrial and Commercial Bank of China, separately confirmed it will buy 30 of Boeing’s 737-800 jets, worth US$2.88 billion at list prices.

Boeing also was due to announce an agreement to build a 737 completion center in China that would finish, paint and deliver 737s built at Boeing’s factory in Renton, Washington.

Boeing is battling with Airbus Group for dominance of Chinese market, which is expected to need US$1 trillion worth of new planes over the next two decades.

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