TEHRAN, December 16 - In a ceremony, Boeing Company opened its first 737 completion plant in China on Saturday, aimed the US-China trade war.
TEHRAN, Young Journalists Club (YJC) - The world’s largest planemaker also delivered the first of its top-selling 737s completed at the facility in Zhoushan southeast of Shanghai, to state carrier Air China (601111.SS)(0753.HK) during a ceremony on Saturday with top executives from both companies.
The executives, alongside representatives from China’s state planner and aviation regulator, unveiled the plane at an event attended by hundreds of people.
Boeing and Airbus have been expanding their footprint in China as they vie for orders in the fast-growing aviation market, which is expected to overtake the United States as the world’s largest in the next decade.
However, the plant’s inaugural ceremony was overshadowed by tensions between the United States and China as they engage in a bruising tit-for-tat tariff war. The world’s two largest economies are in a 90-day detente to negotiate a trade deal.
Boeing aims eventually to hit a delivery target of 100 planes a year at Zhoushan, although Bruns deflected a question on how quickly it would reach that level and said Boeing had no plans to expand work to other aircraft types.
Boeing also hopes the plant will relieve pressure at the Seattle-area facility where it plans to boost production next year of its best-selling 737 narrow-body aircraft but has struggled with production delays.
Source: Reuters
Your Comment