Boeing to invest $33m for majority stake in JV with China's COMAC

Boeing to invest $33m for majority stake in JV with China's COMAC

Old airplanes, including Boeing 747-400s, are stored in the desert in Victorville, California March 13, 2015. REUTERS/Lucy Nicholson

Boeing Co  will invest $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 China Daily reported.

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