Boeing increases stake in JV with China's leading aviation manufacturer

keyword:the BHA Aero Composites Parts				"BHA manufactures high-quality components for
				our commercial airplanes and is an integral
Boeing				part of the company's global supply chain,"
				said Carolyn Corvi, vice president and
China				general manager of Airplane Programs, Boeing
				Commercial Airplanes.
The Boeing Company is to increase its stake
in the BHA Aero Composites Parts Co. Ltd.				"Increasing our ownership in a valuable
(BHA) by buying the shares Hexcel Corp. owns				supplier like BHA benefits both Boeing and
in the joint venture, the company told Xinhua				China. Our investment will grow BHA to a
on Thursday.				global supplier, expand the Boeing presence
				in China and strengthen our efforts to
This would lift Boeing's ownership to a				develop this important market," she said.
majority stake of 80 percent in the joint
venture with China Aviation Industry				Boeing said it would support BHA's expansion
Corporation I (AVIC I). The country's largest				by acquiring rights to the land adjacent to
aviation manufacturer holds the remaining				the facility in Tianjin's Binhai New Area.
shares.
				BHA was formed among Boeing, Hexcel and AVIC
The deal would be worth 22.3 million U.S.				I in 2002 in Tianjin, north China. It
dollars, according to early reports.				specialized in manufacturing composite parts
				for commercial airplanes.

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