China President Xi Jinping to visit Boeing

Boeing (NYSE: BA) said that China President Xi Jinping will visit the company´s Everett, Wash., factory on Sept. 23 during his visit to the United States.

Boeing Chairman Jim McNerney will be on hand to welcome President Xi, along with Boeing President and CEO Dennis Muilenburg and Boeing Commercial Airplanes President and CEO Ray Conner.

The Everett site is Boeing´s largest production site for commercial airplanes, where the 747-8, 767, 777 and 787 Dreamliner are produced.

So far this year, Chinese customers have taken delivery of about 25 percent of Boeing´s commercial airplane production. Over the next 20 years, China will be Boeing´s largest commercial airplane market with a projected need for 6,330 new airplanes, worth an estimated USD950 billion.

Boeing has partnered with Chinese stakeholders to support development of China´s air transport system since President Richard Nixon arrived in Beijing on Air Force One, a Boeing 707, in 1972. Today, more than 50 percent of commercial jetliners operating in China are Boeing airplanes.

Boeing is the largest international customer of China´s aviation manufacturing industry, with suppliers playing a role in 737, 747, 767, 777 and 787 Dreamliner production. Boeing also works with Chinese industry, universities and other institutions to develop sustainable aviation biofuel and improve air-traffic system efficiency.