Beijing Firms Up Deal To Buy 80 More Boeing Jets
SINGAPORE -- Beijing is firming up an oral agreement to buy 80 more Boeing 737s three months after making its first, written commitment for 70 of the aircraft during President Bush's visit to China, a senior Boeing executive said.
Completion of the combined 150-jet deal, which could come during Chinese President Hu Jintao's planned visit to the U.S. in April, would make it the biggest batch of Boeing planes to be sold in China so far.
Chinese aviation authorities have already signed contracts and paid deposits for the initial 70 single-aisle 737s that they committed to buy when Mr. Bush traveled to China in November, said Larry Dickenson, senior vice president for the Asia-Pacific region for Boeing's commercial aircraft unit. That sale, at list prices, is valued at about $4 billion, though buyers usually get substantial discounts, especially for large orders.
[Edited 2006-02-21 17:58:33]