First Boeing 737 Completion Plant Opens In China

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On Saturday, Boeing has opened a plant that is located in China for the completion of its 737 for the first time.

The launch of the plant is an investment that is aimed at building a sales-lead over its rivals such as Airbus, however, Boeing has admitted some of its concern over the trade war of the United States of America with China.

Boeing was able to deliver the first of its 737s that were completed at Zhoushan to Air China during a ceremony that was graced by the presence of its top executives on Saturday. Zhoushan is 180 miles southeast of Shanghai.

Both Airbus and Boeing have been competing for the plane orders from China in what is expected to become the biggest aviation market in the world within the next decade, surpassing the United States.

However, the ceremony was greatly overshadowed by the on-going trade war which is currently in a 90-day truce as both nations tries to negotiate a deal.

During a conference call earlier on Saturday, the President of Boeing China, John Bruns, told the reporters: “Am I nervous about the situation? Yeah, of course. It’s a challenging environment.”

He added: “We have to keep our eye on the long game in China. Long term, I’m optimistic we will work our way through this.”

Boeing is based in Chicago. It invested $33 million (£ ) last year so it can now own a majority stake in state-owned Commercial Aircraft Corporation of China (COMAC) in order to build the completion centre.

The firm calls itself the top exporter in the United States of America and delivered more than one out of every four aeroplanes that it made last year to its customers in China, where it forecasts the demand for 7,700 new planes over the next 20 years which are valued at approximately $1.2 trillion.