Boeing (NYSE: BA) and Commercial Aircraft Corp. of China (COMAC) have signed a new agreement to expand their joint research collaboration in support of the long-term sustainable growth of commercial aviation, the companies said.
The two companies signed an initial agreement in March 2012, and have been researching ways to improve aviation´s fuel efficiency and greenhouse-gas emissions reduction, including sustainable aviation biofuel and air traffic management (ATM) efficiency.
Through this new agreement, signed at the Zhuhai Airshow, the companies will explore six areas of mutually beneficial research through the renamed Boeing-COMAC Sustainable Aviation Technology Center. They will also continue to exchange commercial aviation market forecasts.
Boeing and COMAC plan to open a joint venture facility in Zhoushan, China, that will install interiors and paint 737s before Boeing delivers these airplanes to Chinese customers.