17-Jan-2011 9:57 AM

Boeing sees importance of Chinese market

Boeing Executive VP Jim Albaugh said "there is not a plane we build that doesn't have parts from China in it" (China Daily, 14-Jan-2011). He added that there is confidence in the growth of China's market for Boeing aircraft, despite competition from Airbus, China's efforts to expand its high-speed railways and develop its own regional and large aircraft. Boeing has 31 customers in China with around 870 Boeing aircraft.

Boeing: "I'd like to think we (Boeing and China) are partners. We worked with China to develop its aviation industry, aviation infrastructure, and we continue to depend on them as they, I hope, depend on us," James F Albaugh, Executive VP. Source: China Daily, 14-Jan-2011.