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China signs for 300 Boeing aircraft

Boeing and China Aviation Supplies Holding Company have signed an agreement for 300 aircraft in Beijing, as part of US president Donald Trump's visit to China.

The agreement includes "orders and commitments" for 300 single-aisle and twin-aisle aircraft, says Boeing. The deal, signed in the presence of Trump and China president Xi Jinping, is valued at more than $37 billion at list prices. No further details were given.

"China is a valued customer and key partner, and we're proud that Boeing airplanes will be a part of its fleet growth for years to come," says Boeing Commercial Airplanes president and CEO Kevin McAllister.

"Boeing and China have a strong history of working together based on great mutual respect, and these orders build on that foundation."

Boeing is forecasting that China will require 7,240 aircraft over the next 20 years, accounting for 18% of the global total. The majority of these jets will be single-aisle aircraft.

Flight Fleets Analyzer shows that Boeing has 1,074 passenger aircraft orders from unannounced commercial customers. A large portion of these aircraft are believed to be destined for Chinese airlines.

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