Boeing to Sell 300 Airplanes to China

In the same week it hosted Chinese president Xi Jinping, Boeing signed a general terms agreement related to the purchase of 300 airplanes by China Aviation Supplies Holding Company.

Of the 300 plans to be purchased, 240 will be used for Chinese airlines and 60 will go to leasing company 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.”

In an effort to strengthen the relationship between Boeing and China, 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.

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

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