Boeing has been working with AVIC for more than 20 years, and AVIC currently manufactures parts for the Next-Generation 737, 747-8 and 787 Dreamliner. As the largest non-Chinese customer of China's aviation industry, Boeing has purchased more than US $1.5 billion in hardware and services from China since the 1980s and expects to double its annual procurement in coming years. Some 6,000 Boeing airplanes fly throughout the world with parts and assemblies built in China.China is one of the world's fastest-growing aviation markets. The Civil Aviation Administration of China has forecast that passenger traffic in China will reach 300 million in 2012 and 1.5 billion in 2030. Boeing has estimated that Chinese airlines will need to buy 5,260 new airplanes by 2031 to meet this extraordinary demand. About Boeing Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. For more information about Boeing please visit www.boeing.com. About AVIC AVIC is centered on aviation but provides whole-value services to customers in many fields from research and development to operations, manufacturing and finance. Its business units include defense, transport aircraft, engine, helicopter, avionics, electromechanical systems, general aviation, flight test, trade and logistics, asset management, financial services, engineering planning and construction, and automotive, among others. It owns more than 200 member companies, more than 20 listed companies and has approximately 500,000 employees. In 2011, AVIC ranked 311th among Fortune Top 500 enterprises.