Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping




Home >> Business
UPDATED: 10:41, June 30, 2007
Boeing signs with Chinese suppliers new contracts worth half billion dollars
font size    

U.S. aviation giant Boeing on Friday announced agreements with Chinese suppliers for the production of commercial aircraft parts and components, including the first firm contracts with Chinese suppliers to build parts for the Boeing 747-8 Intercontinental Passenger and Freighter aircraft.

The contracts are valued at an estimated 500 million U.S. dollars and include the 747-8 inboard wing flaps with Xi'an Aircraft Industry (Group) Company Ltd. (XAC), and ailerons and spoilers with Chengdu Aircraft Industrial (Group) Co. Ltd. (CAC), both affiliated to China Aviation Industry Corporation I (AVIC I).

Also signed were contracts for composite parts to be built by Hafei Aviation Industry Co., Ltd., an AVIC II-affiliated company, and composite panels for the vertical fin to be built by BHA Aero Composites Co., Ltd., an equity joint venture between Boeing, Hexcel Corp. and AVIC I.

"These contracts demonstrate Boeing's commitment to continued expansion of industrial cooperation with China. China's outstanding technological capabilities and resources make these suppliers ideal partners for the Boeing 787 and the 747-8, which ... offer airlines the lowest operating costs and best economics of any large passenger or freighter aircraft," said Carolyn Corvi, Boeing Commercial Airplanes vice president and general manager of Airplane Programs.

"We are honored to help Boeing build the 747-8 as it opens a new page for the long-term Boeing-XAC partnership," said Meng Xiangkai, vice chairman of Xi'an Aircraft Industry (Group) Company Ltd.

Boeing and Boeing suppliers hold contracts totaling 2.5 billion U.S. dollars with China's aviation industry.

Boeing's industrial cooperation with China began in the mid-1970s. There are now 4,200 Boeing aircraft flying worldwide with major parts built and assembled by Chinese suppliers. Since the 1980s, Boeing has purchased more than one billion U.S. dollars worth of aviation hardware from China.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this



"Olympic Games in My Heart" English Contest

   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- China's leading titanium producer signs one-bln-yuan contract with Boeing

Manufacturers, Exporters, Wholesalers - Global trade starts here.

Dic

Versions:
Copyright by People's Daily Online, all rights reserved