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China's 'new' jet orders anything but
Seattle Times ^ | January 20, 2011 | Dominic Gates

Posted on 01/21/2011 10:20:15 AM PST by george76

The claim:

A White House fact sheet released Wednesday to coincide with the state visit of Chinese President Hu Jintao said: "In preparation for this visit, several large purchases have been approved including for 200 Boeing airplanes. ... The approval, the final step in a $19 billion package of aircraft, will help Boeing maintain and expand its market share in the world's fastest growing commercial aircraft market."

What we found:

The deal President Hu signed does not include any new jet orders.

Delivering the formal approval during Hu's visit is designed to make the Chinese government appear responsive to U.S. concerns about the balance of trade.

However, all of the airplanes in the sale were announced and booked by Boeing as firm orders over the past four years. Chinese airlines had already paid nonrefundable deposits and signed contracts for the jets, most of them as far back as 2007.

The White House announcement said the total value of the orders was $19 billion.

But that's the list price, which airline customers never pay.

Based on market data from aircraft-valuation consultancy Avitas, the actual price for those 200 planes is about $11 billion.

(Excerpt) Read more at seattletimes.nwsource.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Government; News/Current Events; US: Washington
KEYWORDS: avaition; boeing; china; chineseairlines; obama; unexpected
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1 posted on 01/21/2011 10:20:16 AM PST by george76
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To: george76
Gee. Do you think the White House misspoke?
2 posted on 01/21/2011 10:25:54 AM PST by llevrok (There is no such thing as the truth, only versions. - Arkady Renko)
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To: george76

One Day After Securing A Huge Deal With China, Boeing Lays Off 1000 American Workers

http://www.businessinsider.com/boeing-layoffs-orange-county-2011-1

Special Report: A wing and a prayer: outsourcing at Boeing

http://www.reuters.com/article/idUSTRE70J2UX20110120


3 posted on 01/21/2011 10:26:22 AM PST by FromLori (FromLori">)
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To: george76
So, just like the G20 little bammy is trying to pat himself on the back for what was done when George was President?

Oh, I am shocked and speechless.

.

4 posted on 01/21/2011 10:26:36 AM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: george76

Amazing, this coming from the Seattle Times. It’s the Party Organ around here. (Communist Party Organ).


5 posted on 01/21/2011 10:26:51 AM PST by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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To: TLI; jazusamo; sionnsar; Liz; Just Lori

Bush’s fault ?


6 posted on 01/21/2011 10:35:25 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: RinaseaofDs

Are pigs flying over the Seattle Times ?


7 posted on 01/21/2011 10:38:19 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: RinaseaofDs
"Amazing, this coming from the Seattle Times. It?s the Party Organ around here. (Communist Party Organ)."

It's double entendre time. I must admit I was thinking of other organs that might be symbolic of the Democrat party.

8 posted on 01/21/2011 10:39:12 AM PST by Truth29
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To: george76

Zer0 and the thugs he’s surrounded himself with are habitual liars. We can’t believe a word from them and I believe they even lie when they don’t have to.


9 posted on 01/21/2011 10:45:35 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: george76

Obama lied?.....Who knew?


10 posted on 01/21/2011 10:52:18 AM PST by AngelesCrestHighway
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To: jazusamo

Another congenital liar ?


11 posted on 01/21/2011 11:02:46 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: Truth29

LOL, that’s why I clarified it.

Of course, considering their recent circulation numbers, you’d have to conclude that the Seattle Times is a rather small organ indeed.


12 posted on 01/21/2011 11:08:22 AM PST by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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To: george76
President Obobo prolly gave China the $11 Billion , in (aid) to purchase the jets. In other words, we (USA) bought them for them Chinese.
13 posted on 01/21/2011 11:14:49 AM PST by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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To: george76
President Obobo prolly gave China the $11 Billion , in (aid) to purchase the jets. In other words, we (USA) bought them for them Chinese.
14 posted on 01/21/2011 11:20:02 AM PST by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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To: george76
never pass up a good photo op , even if you have to lie thru the teeth.

Mr. Obama. You Lie!


15 posted on 01/21/2011 11:35:59 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: RinaseaofDs

They’re just standing up for those boeing union workers that got laid off. sarc


16 posted on 01/21/2011 11:37:22 AM PST by Always Independent
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To: FromLori

“Unexpected?”


17 posted on 01/21/2011 11:46:08 AM PST by alancarp
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To: george76
"Saved or created aircraft sales"...


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

18 posted on 01/21/2011 11:54:19 AM PST by The Comedian ("Extremism in the defense of liberty is no vice" - B. Goldwater)
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To: george76
“all of the airplanes in the sale were announced and booked by Boeing as firm orders over the past four years.”

That would explain why it barely even made the Boeing internal news. I was expecting to come into work that next morning and see huge headline banners. They just has a small headline about completing the final details of the sales deal that already was on Boeing's books.

19 posted on 01/21/2011 12:08:14 PM PST by NavyCanDo (Jan 2013 - Sarah Palin sees the Potomac from Her House)
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To: george76

Joe Wilson was right — OBAMA LIES!


20 posted on 01/21/2011 3:19:52 PM PST by Taxman (So that the beautiful pressure does not diminish!)
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