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Xi visits U.S. Boeing factory

Thursday, September 24, 2015 - 00:56

President Xi Jinping visits Boeing's factory at Everett, Washington, amid anger over moves to build a 737 finishing plant in China. Rough cut (no reporter narration).

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ROUGH CUT - NO REPORTER NARRATION Boeing Co said on Wednesday (September 23) it had won orders and commitments from China for 250 narrowbody 737 aircraft and 50 widebody aircraft, valued at about $38 billion (£24.90 billion) at list prices. The order, announced as Chinese President Xi Jinping toured Boeing's Everett, Washington, factory, includes some planes that were previously ordered but for which the buyers had not been identified. Boeing declined to say how many planes had been previously ordered, leaving uncertainty about the total value. After walking through a parked 787 Dreamliner, Xi told hundreds of Boeing employees in the factory that he sees bright prospects for future collaboration between China and Boeing. Boeing Chief Executive Dennis Muilenburg thanked Xi for the orders and called his visit a "testament" to the relationship between the U.S., Boeing and China. Earlier on Wednesday, China's ICBC Financial Leasing Co, a unit of the Industrial and Commercial Bank of China, separately confirmed it will buy 30 of Boeing's 737-800 jets, worth $2.88 billion at list prices. Boeing also was due to announce an agreement to build a 737 completion centre in China that would finish, paint and deliver 737s built at Boeing's factory in Renton, Washington. Machinist union members say they stand to lose work to China and some planned to protest on Wednesday. Boeing said on Tuesday (September 22) it doesn't expect to lay off or reduce staff related to the 737 because of the new factory in China.

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Xi visits U.S. Boeing factory

Thursday, September 24, 2015 - 00:56