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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1372)	11/12/2003 1:21:58 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

BOEING, GENERAL ELECTRIC: $2.4 billion China deal for planes, engines E-mail this story Printer-friendly format Search archives From Tribune news services Published November 12, 2003 WASHINGTON -- Boeing Co. and General Electric Co. will sign agreements Wednesday to sell as much as $2.4 billion of aircraft and engines to China, helping narrow the U.S. trade gap with Asia's second-biggest economy. The purchase is among the 2,400 new aircraft, estimated at $197 billion, that Chinese airlines are expected to buy in the next 20 years as they expand. It follows months of criticism by U.S. lawmakers of China's widening trade gap, which is expected to increase by 25 percent this year, to $130 billion. Five Chinese airlines have said they will buy a combined 30 single-aisle 737 planes from Boeing. Chicago-based Boeing accounts for about 60 percent of aircraft sales in China. Separately, Boeing said it has created a new office of internal governance, reporting directly to Chairman and Chief Executive Phil Condit. Senior Vice President Bonnie W. Soodick, president of the shared-services group, will head the new organization. Also Tuesday, Singapore Airlines said it plans to use Connexion by Boeing, a high-speed Internet-based communication service, aboard 40 of its long-haul jetliners. chicagotribune.com