Boeing opens first 737 completion plant in China amid trade war

Boeing has announced it has opened its first 737 completion plant in China despite current trade tensions between Washington and Beijing, the company said.

The company also delivered the first 737s completed at its new Zhoushan facility to state carrier Air China.

Boeing´s plan was opened with the intention of growing the company´s sales in China´s expanding aviation market.

The plant´s opening, intended to grow Boeing´s sales lead over rival Airbus, comes as the two companies fight to outdo each other in China´s rapidly expanding aviation market, Reuters reported. China will likely surpass the US´s aviation market in the next decade, according to the outlet.

Boeing invested USD 33 million in 2017 to take a majority stake in a joint venture with state-owned Commercial Aircraft Corp of China in order to build the plant, which installs interiors and paints liveries.

Boeing said it hopes to hit a goal of 100 planes delivered per year from its Zhoushan plant, though Bruns declined to lay out a timeline on reaching that mark.