Boeing unveils completion center

Boeing Co and the Commercial Aircraft Corp of China on Tuesday signed an agreement and unveiled Boeing's first overseas completion and delivery center.

The joint venture is located in Zhoushan, East China's Zhejiang province, with registered capital of $55 million. Boeing has invested $33 million and takes a 60 percent share, while COMAC invested $22 million and has a 40 percent holding.

Construction of the center, which will consist of a completion center under a joint venture between Boeing and COMAC, and a delivery center owned by Boeing, got underway in early May. It will be capable of tasks including cabin installation, painting, flight testing and aircraft maintenance.