China gives approval for $19B in aircraft orders

The Chinese Government has given its approval for a US$19 billion aircraft agreement for 200 orders covering aircraft – B737s and B777s – to be delivered over a three-year period from 2011-2013. “We value China’s support for our products and its confidence in Boeing,” said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. “With the […]


The Chinese Government has given its approval for a US$19 billion aircraft agreement for 200 orders covering aircraft – B737s and B777s – to be delivered over a three-year period from 2011-2013. “We value China’s support for our products and its confidence in Boeing,” said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. “With the outstanding support provided by the US Government, this deal is a win-win for the Boeing-China partnership, which is approaching its 40th anniversary.” Boeing aircraft currently comprise more than 50 per cent of all commercial jetliners operating in China, said Boeing. Over the next 20 years, Boeing projects that China – the world’s fast growing aircraft market – will need 4,330 new aircraft, worth more than $480 billion.