By: Steve Dellar | 11-09-2017 | News
Photo credit: @PeterMartin_PCM @BBCWorld | Twitter

Boeing To Sell 300 Planes To China In $37bn Deal

The Trump visit to China also brings a lot of business deals for the US. At every dinner that Chinese President Xi Jinping organizes for the First Family, a lot of US-Sino business deals are being done as businessmen from the two superpowers share tables.

Today it was announced that American planemaker signed an agreement to sell 300 planes for a massive $37billion deal.

China Aviation Supplies, which is a state run company that leases planes to the various Chinese airlines, confirmed the order for 260 B-737s as well as 40 B777s and B787s.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Boeing wins $37 billion in China orders for 300 aircraft. = Jobs for U.S. workers! <a href=""></a></p>&mdash; TRUMP News 24/7 (@MichaelDelauzon) <a href="">November 9, 2017</a></blockquote>

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Boeing is in a tight locked battle with European rival Airbus for market share of the fastest growing aviation market which China is. In 2017, both Airbus and Boeing opened assembly plants in the Middle Kingdom.

At this moment, the Chinese fleet is mostly equally split between both companies but this order should give Boeing a big lead in terms of the number of aircraft orders.

Earlier in the year, when Chinese President Xi Jinping visited Germany, the Chinese agreed to buy 140 planes from Airbus in a deal worth $23 billion.

Back in September of 2015, when President Xi made his first state visit to the US, Boeing received $38 billion in orders from Chinese carriers and lessors. Under the “general terms agreement” announced at the time, there were orders and commitments for 190 single-aisle 737s and 50 wide-body jetliners, without customers being identified.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">China Aviation Supplies Holding Company placed $37b order for 300 Boeing airplanes on Nov 9. The deal includes 260 Boeing 737 and 40 Boeing 787, 777. <a href=""></a></p>&mdash; Global Times (@globaltimesnews) <a href="">November 9, 2017</a></blockquote>

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Mr Will Horton, an analyst at CAPA Centre for Aviation, expects this order to be followed-up soon: “It’s a well-established political order and it would have been surprising if something was not announced. Three hundred aircraft for China is supermarket shopping, not Costco stockpiling. There will need to be more orders soon.”


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Paul No. 11483 2017-11-10 : 02:49

This is worst thing that can happen for USA. If China decides to invade America in few years they will send over rockets first, then send these 300 planes armed with 70,000 or more military troops to invade us using these planes which Boeing is going to build for China. Thanks Boeing! Not smart business at all for we Americans in near future.

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