Tuesday, 25 December 2007

Chinese School - Boeing to continue investment in China

BIZCHINA / Overseas Investment

Boeing to continue investment in China
(Xinhua)
Updated: 2006-07-19 15:32

Boeing will continue its investment in China in the next two decades to
ensure its status as a major provider of commercial airplanes to China,
the company's senior official said in an interview with Xinhua here on
Monday.

In Boeing's 2006 Current Market Outlook released last Wednesday,the U.S.
plane maker projects a need for approximately 27,200 new commercial
airplanes worldwide, and the Asia-Pacific region is believed to be the
largest market, Larry Dickenson, the senior vice president of sales for
Boeing Commercial Airplanes told Xinhua at the Farnborough International
Airshow in southern England.

"Our advantages are, if we have advantages... that we have been working
in China for 34 years," Dickenson said, adding the Boeing has helped
train about 15,000 Chinese professionals in maintenance,piloting and
executive training.

"We look at China as a strategic partner force. And its airlinehas
matured, and continues to grow primarily with Boeing equipment and Boeing
training. So we are going to work with China as a partner," Dickenson
said.

"We believe that as our products become more and more competitive, there
is no reason to believe that we should not be, continue to be the major
provider of airplanes to China in the future," said Dickenson.

When asked about whether Boeing is considering building an assembly line
in China just like its competitor Airbus, Dickenson said Boeing was
probably not going to change its strategy towards China, and it would
continue to invest in China in the areas of spare parts manufacturing,
maintenance, repair and air traffic control.

(For more biz stories, please visit Industry Updates)

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