According to Boeing's latest market outlook, China is expected to need 7,240 new aircraft over the next 20 years, valued at almost 1.1 trillion USA dollars. This order that Boeing has won contains narrow body aircrafts, as well as wide body aircrafts.
Boeing Co. announced Thursday it had signed a deal with the China Aviation Suppliers Holding Company to cell 300 airplanes.
Earlier on Thursday, aircraft engine marker General Electric said it had signed deals worth $3.5 billion in China, including an agreement with Juneyao Airlines Co Ltd and ICBC Leasing, the leasing arm of state bank Industrial and Commercial Bank of China Ltd.
For Chinese deals, Boeing, an U.S. based aerospace company has had to compete with their immediate rivals, Airbus, the European giants.
In July of this year, during the visit of President Xi Jinping to Germany, Air China also signed an agreement with Airbus to acquire 140 Airbus aircraft worth US$22.8 billion.
Millennium Falcon is hiding in plain sight on Google Earth
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Therefore, the actual transaction price of this order will likely be much lower than the US$37 billion, the report said.
Chinese airlines are looking to increase capacity after projections have the country to soon overtake the United States as the world's largest aviation market by passenger numbers. "Boeing and China have a strong history of working together based on great mutual respect, and these orders build on that foundation".
Both Boeing and European rival Airbus has been battling for large market shares in China, the world's largest aviation market. Records show that Boeing has in fact sold 155 aircrafts to China last year, and this year already a quarter of their jet planes have been sold to Chinese customers.
The International Air Transport Association (IATA) recently revised its 20-year air passenger forecast upward, while indicating that China will overtake the U.S. around 2022, several years faster than had been previously predicted.
Police said in the release that the neighbor said he hadn't seen his neighbors for days and was concerned about their well-being. Samantha was the daughter of Jessica, the step-daughter of Timothy, and a sophomore at Maple Mountain High School.
Whole Foods announced the Amazon pop-ups would also be launching in stores in Illinois, Michigan, Florida and southern California. She did not disclose a specific date for the rollout but said they would appear before Black Friday - Nov. 24 this year.
It will be the first time All-Star festivities are held in the city since 1988, when Michael Jordan dazzled the hometown crowd. It's something that Emanuel has been pushing for to come to Chicago for a long time and now he got his wish.
The Salvation Army says almost 3,000 children will be helped this year in the annual Salvation Army Angel Tree program. Each year legions of bell-ringers stand outside stores and other locations to solicit donations for the organization.
Manchester United are claimed to be keen on offloading Luke Shaw this January, with Arsenal said to be keen on his signature. Manchester United snapped up the player for £29m in 2014, becoming the most expensive teenager in world football.
The disputed President of Catalonia has told Sky News the Spanish state has "damaged democracy in order to stop independence". Puigdemont is now in Brussels, and a Belgian judge is now processing a European arrest warrant that Spain issued against him.
The park sold $20 "Hello Baby" tote bags, $16 "April's View Crew" T-shirts and a $50 three-pack of giraffe prints. Patch has been surprised that everything has gone so smoothly with the baby giraffe since his birth, he said.
The new injury will increase speculation that he could be sold by Real Madrid , who could use his fee to reinvest in new recruits. Speaking to the media ahead of Spain's worldwide friendly against Costa Rica , Isco spoke about his teammate's struggles.
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