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Thursday, February 10, 2011

Chinese government orders 200 Boeing aircraft

China’s $19bn trade deal with the US is good news for Boeing, as its Dreamliner plane is postponed for another six months

BY: Rebecca D'Souza
The US has signed a $45bn export deal with China, which includes a $19bn purchase of 200 Boeing aircraft. This includes 737 medium-range and 777 long-range jets.

The trade deal also includes orders for US agriculture, telecoms and computer companies, including technology company Honeywell, construction equipment maker Caterpillar, and Westinghouse Electric, a nuclear power company that is a subsidiary of Japan’s Toshiba.

The agreement comes amid an official state visit by China’s President Hu Jintao to the US and is expected to create 235,000 jobs.

Boeing believes the deal will help it maintain and expand its market share in the world’s fastest growing commercial aircraft market.

Jim Albaugh, CEO of Boeing Commercial Airplanes, said: "We value China's support for our products and its confidence in Boeing."

“With the outstanding support provided by the United States Government, this deal is a win-win for the Boeing-China partnership, which is approaching its 40th anniversary.”

Boeing hopes China, which is its largest commercial airplane customer, will need 4,330 new airplanes, worth more than $480 billion over the next 20 years.

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Introducing our new Boeing 777-300ER

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