Posted on 09/23/2015 5:17:38 AM PDT by sukhoi-30mki
SHANGHAI: US aerospace giant Boeing has reached deals with Chinese firms to sell 300 aircraft and set up a completion centre in China, state media and its local partner said on Wednesday (, as President Xi Jinping began a visit to the United States.
The massive order, which was not immediately confirmed by Boeing, demonstrates the vital importance of the Chinese market despite a growth slowdown that threatens to slow the expansion of air travel.
The state-owned Commercial Aircraft Corporation of China (COMAC) also reached an agreement with Boeing to set up a "completion centre" in China for its narrow-body 737 airliners, Xinhua said.
It represents a step-up in Boeing's competition in China with European rival Airbus, which already has a manufacturing presence there.
The Xinhua report, datelined from Seattle where Xi on Tuesday started his first US state visit, gave no details of the models bought by a group of Chinese companies or the value of the sale.
Aviation analyst Shukor Yusof described it as the biggest ever order by a country.
Xi is due to visit Boeing's main aeroplane factory in Washington state on Wednesday.
"China's rapidly growing aviation market plays a crucial role in our current and future success," Boeing chairman Jim McNerney said in a statement last week.
COMAC confirmed to AFP that it will set up a joint venture with Boeing for interior completion, painting and other delivery support services for Chinese customers. "This shows cooperation between Boeing and a Chinese enterprise has been lifted to a major-manufacturer level," it said in a statement.
The wording echoes the "new model of major country relations" phrase that Chinese officials use to describe ties with the US, suggesting parity between the powers.
(Excerpt) Read more at channelnewsasia.com ...
Good old American corporate capitalism. The greatest system ever. Also the greatest supporter of communism ever.
“Set up a completion center” in China?
So we’re going to give them our Aircraft industry as well?
Aircraft work is one of the last major industries we are unmatched in. I guess that will soon end.
That was my thought, too.
Short sighted. Corporate and National suicide.
Boeing would sell the nation down the river for a few more dollars.
Corrupt as can be.
So were going to give them our Aircraft industry as well?
Airbus already has a final assembly line in China, and I believe McDonnell Douglas also set up a final assembly line in China but it was killed with the Boeing merger.
This was a huge, HUGE mistake.
Just wow.
I’ve tried wherever possible to stick to the “If it ain’t Boeing, I ain’t going” motto, but it looks like I’m going to have to add “except for the new narrow-body 737” after the word “Boeing”. I’ve seen the kind of assembly quality that Chinese machinery has, and I’m not about to trust airplanes they’ve built.
But next quarter's bonuses will be paid on time. Local BMW dealers are thrilled.
“
So were going to give them our Aircraft industry as well?:
Nothing new. We did this sort of thing more than 20 years ago with McD-D aircraft.
Planes finished in China are bound for the Chinese domestic market or other Asian carriers (with the exception of Japanese or Taiwanese). Unless you’re planning on flying domestic in China - which I have done on several occasions - you don’t have much to worry about.
I think they actually will fly the planes there from Renton and just paint and put the seats in them in China.
Market market market...
hauling paying livestock never made nobel prizes out of that livestock
And stealing all the technology possible from both until China will have built its own commercial airliner manufacturing industry. Then, no more need for Boeing and Airbus.
We had a Chinese counterfeit problem in the Army, with soldiers having to parse through shady looking parts for the Boeing Apache, I cannot imagine flying Boeing even in the US, knowing contractors could get parts from these China plants or knock offs thereof. Very scary
Yep. Henry Ford and friends rescued Lenin.
Problem is the Chinese are not very good at original design. They have to try to reverse engineer of steal technology. That makes for very questionable outcomes.
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