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Boeing inaugurated on Saturday its first 737 jet plant in China. This strategic investment aimed to strengthen sales leadership over its rival Airbus on one of the world's leading travel markets. The investment was, however, overshadowed by the US-China trade war.
The world's largest aircraft manufacturer also delivered the first of the 737 Max sold at the Zhoushan Complex, located about 290 km southeast of Shanghai, to the local Air China Air company.
Leaders and representatives of the body. The aviation regulator from China showed the plane at an event gathering hundreds of people.
Boeing and Airbus strengthen their presence in China as they compete for orders in the rapidly growing aviation market, which is expected to outperform the United States.
Last year, Boeing invested $ 33 million to acquire a controlling interest in a joint venture with Comac State Corporation (Commercial Aircraft Corp of China) for the construction of the completion center of the company. 39; badembly.
Boeing is considered the largest exporter in the United States and has delivered more than one out of every four aircraft it manufactured last year to customers in China, where it anticipates a demand for 7,700 new aircraft. planes worth $ 1,200 billion over the next 20 years
But the plant's inauguration ceremony was overshadowed by tensions between the United States and China in full tariff war. The two largest economies in the world are within 90 days to negotiate a trade deal.
"I'm nervous about the situation?" Yes, of course, it's a tough environment, "said John Bruns, Chairman of Boeing China Teleconference Journalists.
Although trade frictions have hurt companies such as US soybean producers Chinese manufacturers, their impact on Boeing still remains unclear.
Boeing plans to reach the goal of delivering 100 aircraft per year to Zhoushan, though Mr. Bruns has pondered how quickly it will reach that level and stated that Boeing had no plan.
Boeing also expects the plant to ease pressure on the Seattle site, where it plans to increase production of the 737th best-selling aircraft in 2019, but with production problems.
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