Albert Di Salvo
DP Veteran
- Joined
- Oct 27, 2009
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Chinese President Hu will sign several deals while in America. He will sign a deal with GE to acquire jet engines for civilian aircraft. These engines will be reverse engineered because China is not able to develop a high quality jet engine of its own. These engines will be crucial to developing an indigenous Chinese aircraft industry. This is bad news for Boeing.
On Friday, GE plans a formal signing to confirm the joint venture with Avic of China to supply avionics for the new Chinese C919 airliner, a contract worth up to $2bn. FT.com / Companies / Basic Resources - GE to sign slew of China deals
On Friday, GE plans a formal signing to confirm the joint venture with Avic of China to supply avionics for the new Chinese C919 airliner, a contract worth up to $2bn. FT.com / Companies / Basic Resources - GE to sign slew of China deals