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在线翻译:
szdaily -> Business
Boeing to invest $33m in venture with COMAC
    2017-September-28  08:53    Shenzhen Daily

BOEING Co. will invest US$33 million for a majority stake in a joint venture with Commercial Aircraft Corp. of China (COMAC) that will oversee the U.S. planemaker’s new 737 completion plant in China.

The firms signed an agreement to set up the joint venture with registered capital of US$55 million, media reports said yesterday. Boeing is taking a 60 percent share, while COMAC is investing US$40 million for the remainder.

Construction of the factory in the eastern city of Zhoushan began in May, involving the installation of interiors and paint liveries.

Boeing had not previously disclosed how much it would invest in its first overseas completion and delivery center outside the United States. It aims to deliver 100 planes a year.

COMAC said the Chinese planemaker will participate in the completion tasks with Boeing employees, but how the two sides would share the work is still unknown. The delivery center will be owned by Boeing.

Boeing and its European rival Airbus are vying to expand their footprint in China.(SD-Agencies)

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