China inks deal to buy 300 Boeing aircraft during Xi's US visit

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China's ICBC Financial Leasing Co said on Wednesday it signed an agreement with Boeing Co to buy 30 737-800 jets. 

A group of Chinese companies signed Tuesday a deal with U.S. plane maker Boeing to buy 300 Boeing aircraft.

The deal, signed by China Aviation Supplies Holding Company, ICBC Financial Leasing Co., Ltd., and China Development Bank Leasing with Boeing, was reached during Chinese President Xi Jinping's first state visit to the United States which was kicked off on Tuesday morning.

Meanwhile, Commercial Aircraft Corporation of China Ltd. also signed a cooperative document with Boeing to build a 737 aircraft completion center in China.

The National Development and Reform Commission (NDRC) of China inked a Memorandum of Understanding (MOU) with the U.S. plane maker on the promotion of comprehensive strategic cooperation in the civil aviation industry.

The Seattle-based company confirmed on Sept. 16 that President Xi Jinping will visit the company’s Everett, Wash., factory on Sept. 23 during his visit to the United States.

The Everett site is Boeing’s largest production site for commercial airplanes, where the 747-8, 767, 777 and 787 Dreamliner are produced.

"Boeing's strong 40-year relationship with China, one of the world's largest airplane markets, is expanding U.S. exports to that country and supports tens of thousands of American jobs,” said Conner. “We’re proud that President Xi will see Boeing innovation at work.”

Boeing is considering plans to set up a 737 jet completion and delivery center in China. It would be the first time that Boeing is setting up a finishing and delivery center outside of the United States.

"Boeing is always looking for opportunities to support its growth plans and for productivity improvements. One way we will do this is by working with partners around the world and creating key strategic alliances, including in China, our largest international market," the company said.

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