Air China to Buy 20 Boeing Planes

June 25, 2010
The announcement came despite concerns earlier this year that Boeing might be affected by Chinese sanctions on U.S. companies involved in arms sales to Taiwan.

Flag carrier Air China said on June 25 it had agreed to buy 20 of Boeing's 737-800 planes as it expands to meet growing demand.

In a statement to the Hong Kong stock exchange, Air China said the list price for the short-to-medium range planes amounted to $1.4 billion but it had been granted "significant price concessions."

The planes are for delivery between 2013 and 2015.

"The transaction will strengthen the fleet capacity of the company with an increase of approximately five percent," Air China said.

"The transaction will reinforce the company's market share in the domestic market, and will also increase frequency of flights for a number of domestic and neighboring international routes."

The announcement came despite concerns earlier this year that Boeing might be affected by Chinese sanctions on U.S. companies involved in arms sales to Taiwan -- sales that prompted Beijing's fury.

Boeing opened an aircraft maintenance hanger at Shanghai's Pudong Airport last October, expanding a joint venture in China.

Also last October Boeing predicted China's aviation market would produce orders for 3,710 new commercial aircraft over the next 20 years.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!