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Corrected: Boeing signs deal to sell 300 planes worth $37 billion to China

Reuters  |  BEIJING/SHANGHAI 

(Corrects name to Aviation Supplies Holding Company, not Aviation Suppliers Holding Company)

BEIJING/(Reuters) - signed an agreement on Thursday to sell 300 planes to Aviation Supplies Holding Company worth $37 billion at list prices - part of a slew of announced during U.S. President Donald Trump's state visit to

State-run Aviation Supplies, which leases planes to Chinese airlines, said the order was for 260 B-737s as well as 40 B777s and B787s.

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

had 334 orders by unidentified customers as of Oct. 24, of which 290 were for its 737 narrow body family.

Representatives for did not immediately respond to requests for comment on whether the planes were new or existing orders.

Aircraft orders are also announced at list prices but buyers usually get discounts.

Aviation Supplies has also played a prominent role in announced during previous government exchanges.

In July, it agreed to buy 140 aircraft from Airbus in a deal worth $23 billion at list prices during a visit by Chinese President Xi Jinping to Germany. In 2015, it was among three Chinese companies that agreed to buy 300 planes from during Xi's visit to the United States.

Boeing's latest signing in follows an order for 39 wide-body jets from Singapore Airlines last month.

Earlier on Thursday, aircraft engine marker General Electric said it had signed worth $3.5 billion in China, including an agreement with Juneyao Airlines Co Ltd and ICBC Leasing, the leasing arm of state bank Industrial and Commercial Bank of Ltd.

(Reporting by Brenda Goh in SHANGHAI, Ben Blanchard and Stella Qiu in BEIJING; Additional reporting by Jamie Freed in SINGAPORE; Editing by Richard Borsuk and Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 09 2017. 16:50 IST
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