Published: Sat, November 11, 2017
Economy | By Shawn Conner

General Electric signs $3.5 bln deals in China

General Electric signs $3.5 bln deals in China

China Aviation Supplies is state-run and leases planes to airlines in China, said the Boeing order that included 40 B777s, 40 B787s and 260 B737s. The full breakdown of the order and the non-binding commitments was not made available.

Analysts said, however, that some of the orders may be among the more than 300 from undisclosed buyers posted this year and that it was not yet understood how much of the China deal would be entirely new business.

According to Flight Fleets Analyzer, Boeing has received 1,074 passenger aircraft orders from unannounced commercial customers, a majority of which are likely Chinese airlines.

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For comparison, Alibaba shoppers spent $ 1 billion in the first 5 minutes of Single's Day past year . JD.com has partnered with Tencent and Baidu to attract as many shoppers to its platform as possible.

Boeing and European rival Airbus have been jostling for market share in China, the world's fastest growing aviation market, with both opening assembly plants in the country.

In May, Boeing started construction of the first overseas production center for its most popular 737 family of aircraft in the east China port city of Zhoushan, including a completion center and delivery center.

In July of this year, during the visit of President Xi Jinping to Germany, Air China also signed an agreement with Airbus to acquire 140 Airbus aircraft worth US$22.8 billion.

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The setting is as inviting as the food is inspiring, serving customers who have always dreamed of having Breakfast at Tiffany . The Blue Box Café will serve American classics, for breakfast and lunch, and will also offer tea service.

According to Boeing's latest market outlook, China is expected to need 7,240 new aircraft over the next 20 years, valued at almost 1.1 trillion US dollars.

On Wednesday, Boeing Co. confirmed that they've won the Chinese deal according to which they will be selling three hundred planes to China, worth nearly $37 billion. Records show that Boeing has in fact sold 155 aircrafts to China last year, and this year already a quarter of their jet planes have been sold to Chinese customers. In 2015, it was among three Chinese companies that agreed to buy 300 planes from Boeing during Xi's visit to the United States. Through centralized purchasing, CNAC will get substantial concessions to buy aircraft from aircraft manufacturers.

Broadband compensation up to £25 a day agreed
But by 2019, United Kingdom customers can expect timely fixes for the broadband ... or automatic money back in their accounts. Ofcom revealed that now only one in seven cases reported of broadband problems are compensated, usually in small amounts.

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