Boeing has record orders for China

China Eastern Airlines is the 3rd largest airline in China. This round, in addition to buy 737-800, 737 Max upgrade, the company also sold 15 units for older Boeing 737-300 and 757.

Delivery time since 2016. China Eastern Airlines will add bank loans and other credit sources to finance aircraft.

This order helped to produce the world’s largest aircraft Airbus above the competition in the fight narrow-body aircraft – the mainstay of the fleet of the airline. Boeing’s website says more than 50% of commercial aircraft operating in China are of the firm.

Boeing has record orders
China Eastern to buy 80 aircraft from Boeing. Photo: Bloomberg
After the above information, Boeing shares almost unchanged. From the beginning, the company shares were down 3.1%.

The growing Chinese company to buy from Boeing and Airbus, as strong economic growth can help more people to travel conditions. This speed is gradually making China the throne to market the world’s largest aircraft. At least 13 Chinese firms will have to double the current fleet, to 100 units per firm at the end of this decade, the research firm said CAPA Centre for Aviation.

In February, Boeing used to reveal not exclude the possibility of building an assembly line putting narrow body aircraft in China in the future. 4 years, the company has continuously increased the demand predicted in these markets. Boeing estimates the country will need more than 5,500 new planes worth USD 780 billion until 2032.

In January, Boeing said it delivered 143 aircraft to China last year and will deliver the same amount this year. China also announced that it would lower the standards established firms and cheap considering tax incentives for the company to move the plane easier.

Rival Boeing – Airbus had an assembly line in Tianjin (China). The company predicts it will usurpation U.S. market for the world’s biggest aircraft in 2032.

Boeing has record orders for China

Boeing has record orders for China
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