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China and Boeing agree 300 aircraft deal

Chinese company negotiated the purchase of 300 Boeing planes for around $37 bln while the country is seeking to broaden its air fleet in response to the growing demand.

The agreed number of planes to be bought make up 260 narrowbody aircrafts and 40 widebody ones, according to the data on the Chinese organization’s website, published following the meeting of the US President and his Chinese counterpart in Beijing today.

American plane manufacturer officials refused to give information on the deliveries of planes, as well as to disclose the figures of those newly ordered out of the mentioned 300.

The companies from the Asian country have been actively buying aircrafts in light of the forecasts that in about 5 years China is going to take the leading position as an air travel market leaving behind the US.

In the course of Xi Jinping’s trip to Berlin in July, Airbus clinched a $22 bln deal for 140 planes, among them were 40 A350s and 100 A320 aircrafts.

Subsequently China Aviation Supplies would distribute those planes to various airlines in the span of 5-6 years, as Airbus then said. And the negotiations between China and Airbus over superjumbo jets purchase were continuing.

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