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China to buy 23 Airbus A320 planes

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ckramer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 11:59 AM
Original message
China to buy 23 Airbus A320 planes
BEIJING, Dec. 7 (Xinhuanet) -- China agreed to purchase 23 Airbus A320 family aircraft valued at about US$1.2 billion.

China Aviation Supplies Import & Export Group Corporation and the world's No 1 commercial aircraft manufacturer Airbus signed a general terms agreement for the purchase in Beijing yesterday.

Li Hai, president of the Chinese company, said his company has enjoyed an excellent co-operative relationship with Airbus for many years.

"Through our joint efforts, Airbus can provide more modern and economic aviation products to Chinese airlines, while China Aviation Supplies offer high quality and value-added services to Chinese airlines," Li said.

Xinhuanet



Bye bye, Boeing! No works for you!
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radar Donating Member (447 posts) Send PM | Profile | Ignore Tue Dec-07-04 12:03 PM
Response to Original message
1. "Why do they hate America?"
Don't they know who's #1? sarcasm alert
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DulceDecorum Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:35 PM
Response to Reply #1
6. Because Boeing sold their prez a bugged plane
Tuesday, 22 January, 2002, 10:07 GMT
Articles in both Britain's Financial Times and the Washington Post reported on Saturday that a Boeing 767 airliner manufactured in the US for President Jiang contained at least 27 spying devices.
http://news.bbc.co.uk/1/hi/world/asia-pacific/1774779.stm
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ckramer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:37 PM
Response to Reply #6
7. Then that explains it...
They don't trust Boeing any more!
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Chicago Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:37 PM
Response to Reply #6
8. Our hubris
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mahatmakanejeeves Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:09 PM
Response to Original message
2. unusual
Isn't the value of the yuan tied to the value of the dollar? Thus, the yuan is taking a hit versus the Euro every bit as much as the dollar, is it not?

I am well aware that list prices for aircraft are meaningless, and that the actual price often varies greatly from the published price. China must have been offered a terrific deal not to have bought from Boeing.
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Florida_Geek Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:13 PM
Response to Reply #2
3. Boeing is getting out of the commerial bus.
All they want to do is sell to the military.

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mahatmakanejeeves Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:25 PM
Response to Reply #3
5. what about the 7E7?
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Florida_Geek Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:47 PM
Response to Reply #5
9. It is not do out until like 2008 and that is only
the small model and this is only one plane. Aerobus is got 380 and tons of orders for it. This will hurt the 747 orders
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reprobate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:58 PM
Response to Reply #2
11. China doesn't care about dollar value right now.

They are operating on the concept of "total war". We stupidly think that if they aren't shooting at us, they aren't at war with us. They intend to be the next world power. That means that they will do everything thay can to destroy our economy. Look at the walmart deal with them. Think they are on walmart's side in this? No. They are on china's side.

They know that to have one hugely successful retailer competing on unequal terms with the rest will just pull down the rest of the economy. The downfall of walmart will come when china detaches from the dollar-as they have been hinting they will-and walmart no longer has a cheap source for their goods.

I've heard it said that china's economy is so large that they can afford to give their corporations favored financial agreements to fight us with. Remember that all corporations in china are part of the state, not at all like the western model.
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oly Donating Member (214 posts) Send PM | Profile | Ignore Tue Dec-07-04 01:10 PM
Response to Reply #11
12. Wep, they're going to sell us the rope.
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StClone Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 12:14 PM
Response to Original message
4. This is just one purchase
But unfortunately American companies are being hit in many such "avoidance" of their sales and services worldwide. Euro Disney after a faltering start and slow build has now declined and has a questionable future.
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oly Donating Member (214 posts) Send PM | Profile | Ignore Tue Dec-07-04 12:51 PM
Response to Original message
10. Boeing was an amazing company selling commercial jets.
Today they suck -- at the militaty/industrial/congressional tit.
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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-04 01:28 PM
Response to Original message
13. getting rid of dollars while they still have any value? eom
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