Learn Chinese - China becomes largest foreign supplier of parts for Boeing

?  ?

BIZCHINA / Top Biz News

China becomes largest foreign supplier of parts for Boeing

(Xinhua)
Updated: 2007-09-07 10:12

China is now Boeing company's largest foreign supplier of parts, with
US$2.5 billion of live contracts for aircraft products, a senior Boeing
official said?in Hong Kong?on Thursday.

John Burns, vice president China operations of Boeing, said at the Asian
Aerospace International Expo and Congress held Monday through Thursday
that China is an "exciting proposition", and offers greater opportunity
for OEMs than "just selling airplanes".

Related readings:
?AVIC I branch lands Boeing parts deal
?China Southern Airlines orders 55 Boeing 737s
?Xiamen Airlines, Boeing confirm 25 planes order
?China orders checks on Boeing 737 jets

"Liberalization is creating a more competitive environment and airline
strategies are assisting with this growth by responding to the customer's
desire to save time by flying point-to-point," he said at the congress.

China will need more than 2,900 new aircraft to satisfy the growth of the
industry, Burns said, adding this will inevitably lead to more investment
on the Chinese mainland.

According to Burns, Boeing currently has 170 direct Boeing employees in
China and 3,000 people working in Boeing joint ventures.

"China now has a role in all current Boeing models," he added.

The Asian Aerospace International Expo and Congress 2007 closed on
Thursday in Hong Kong. It is the first time the Expo moves its venue from
Singapore to Hong Kong.

(For more biz stories, please visit Industry Updates)

Learn Chinese