Boeing Applauds China Deal

EVERETT, Wash. ( TheStreet) -- Boeing ( BA) welcomed the Chinese government's final approval of a $19 billion aircraft order.

The order involves 200 Boeing 737 and 777 aircraft to be delivered during a three-year period from 2011 to 2013, and enables Boeing to expand its market share in the world's fastest growing commercial aircraft market. More than 100,000 jobs are involved at Boeing and its suppliers, Boeing said.

"We value China's support for our products and its confidence in Boeing," said Jim Albaugh, CEO of Boeing Commercial Airplanes, in a prepared statement.

Today, more than 50% of all commercial jets operating in China are Boeing products.

Boeing shares closed down 82 cents at $71.65 Wednesday.

-- Written by Ted Reed in Charlotte, N.C. .

>To contact the writer of this article, click here: Ted Reed

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