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Chinese carriers to buy 42 Boeing 787s
(AP)
Updated: 2005-08-09 07:08
Chicago-based Boeing has said the 787s will be priced at between US$125
million (euro101 million) to US$135 million (euro109 million) each, though
airlines usually negotiate discounts for large orders. The 787 Dreamliner, which
is to go into service in 2008, competes with the A350 being developed by Airbus.
To date, Boeing has received 185 firm orders and 91 additional commitments
for the long-range 787.
Both Boeing and Toulouse, France-based Airbus have boosted sales efforts in
China, where airlines have made a series of major aircraft purchases in recent
years as they build up fleets to meet demand.
Boeing says it expects China's airlines to spend US$183 billion (euro148
billion) on aircraft over the next two decades as its 1.3 billion increasingly
prosperous citizens take to air travel.
On Monday, pending the announcement of the planned purchase, shares in Air
China, Shanghai-based China Eastern, and China Southern were suspended from
trading in Hong Kong.
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