Posted on 03/12/2019 9:43:26 AM PDT by CondoleezzaProtege
SHANGHAI (Reuters) - Boeing Co (BA.N) will start operations at its 737 completion plant in China next month and Air China (601111.SS) (0753.HK) will take delivery of the first plane produced there, the U.S. planemaker said on Friday.
Boeing invested $33 million last year in a joint venture with the Commercial Aircraft Corp of China (COMAC) to oversee the plant, taking a majority stake. The plant, in the eastern city of Zhoushan, will install interiors and paint liveries.
Boeing’s comments were first reported by Chinese media outlets on Friday after a media visit to the plant, and confirmed by a company spokesman.
State-backed ThePaper.cn quoted Boeing China President John Bruns as saying that the factory will deliver only one aircraft in 2018 and then gradually increase output until it hits a delivery target of 100 planes a year.
(Excerpt) Read more at reuters.com ...
Just send Muilenberg to live there.
He likes them so much, he needs to be with the people he’s so fond of.
And don’t tell me about “offsets” because China doesn’t need any. For as much as they sell to us they should be buying our airplanes at list price with no complaints, and we sure as hell shouldn’t be showing them the production methods, munitions list or not.
What better way to get plans, etc to the chicoms?
Is the Boeing prez a slimy liberal? (Yup, didn’t need “slimy”.)
Once the aircraft industry is off shored America finished as a world power. The RIGHT WING is to blame and not the left for this. Mercantilism will be complete, we will export agricultural products and import finished durable goods. A nation of 330 million with a 3rd world economy. Not good.
I love how U.S. companies routinely shoot themselves in the foot by acquiescing to Chinese demands for local manufacturing facilities and then are shocked to find that five to ten years later the Chinese are selling what is essentially their product for half the price. Nothing good will come of this.
somewhere is a story that Boeing rejected the first Chinese built planes due to tools and garbage in strange areas, like fuel tanks
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