Boeing and China Aviation Supplies Holding Company have signed an agreement for 300 aircraft in Beijing during the visit of President Donald Trump to the country.
The agreement includes both orders and commitments for 300 single-aisle and twin-aisle aircraft and amounts to more than $37 billion at list prices. The deal was signed in the presence of both President Trump and Chinese President Xi Jinping.
Boeing Commercial Airplanes president and CEO Kevin McAllister said that China is a trusted and valued partner and that they are happy to work with the country for years to come but refused to disclose further details on the deal.
“Boeing and China have a strong history of working together based on great mutual respect, and these orders build on that foundation.” Added McAllister.
Boeing is expecting orders for 7,240 aircraft over the next 20 years from China.