Boeing signs deal to sell 300 planes worth $37 bn to China

Boeing

Boeing signed an agreement on Thursday to sell 300 planes to China Aviation Supplies Holding Company worth $37 billion at list prices — part of a slew of deals announced during US President Donald Trump’s state visit to Beijing.

State-run China Aviation Supplies, which leases planes to Chinese airlines, said the order was for 260 B-737s as well as 40 B777s and B787s.

Analysts said, however, that some of the order may be among the more than 300 from undisclosed buyers posted this year and that it was not yet understood how much of the China deal would be entirely new business.

Boeing had 334 orders by unidentified customers as of October 24, of which 290 were for its 737 narrow body family.

Representatives for Boeing did not immediately respond to requests for comment on whether the planes were new or existing orders.

Aircraft orders are also announced at list prices but buyers usually get discounts.

China Aviation Supplies has also played a prominent role in deals announced during previous government exchanges.

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