Boeing expands collaboration with China's Aviation Industry

Boeing (NYSE: BA) said it has announced several agreements that will broaden and deepen mutually beneficial cooperation between Boeing and China.

The agreements include orders and commitments for 300 Boeing narrowbody and widebody aircraft and expanded collaboration between Boeing and China´s commercial aviation industry.

Together, Boeing and China committed to further advance development of China´s commercial aviation industry and meet strategic business objectives for Boeing in the world´s largest airplane market going forward.

Boeing and China Aviation Supplies Holding company (CASC) have signed a General Terms Agreement related to the purchase of 300 airplanes. The package has a value of approximately USD38 billion at list prices.

Boeing works with Chinese industry, universities and other institutions to develop sustainable aviation biofuel and improve air-traffic system efficiency.