Market Overview

Boeing Gets 15 787-9 Dreamliners Orders From China Eastern Airlines


Boeing Co (NYSE: BA) and China Eastern Airlines disclosed that both have finalized an order for fifteen 787-9 Dreamliners. According to the company, the order was valued at nearly $4 billion at current list prices, and strengthens China Eastern's expanding long-haul fleet.

Boeing said 787 family proved to be an unmatched market opener, with over 100 new nonstop routes already in service or announced, as well as an effective tool to boost frequency profitably, often in conjunction with the 777. The company stated that 787-9 complemented, as well as, extended the super-efficient 787 family. The aero plane maker also indicated that with the fuselage stretched by 20 feet (6 meters) over the 787-8, the 787-9 could fly more passengers and more cargo with the same exceptional performance, i.e. 20 percent less fuel use and 20 percent fewer emissions than the airplanes they replace.

The American firm's SVP for Northeast Asia Sales Ihssane Mounir commented, "China Eastern has been a long-standing Boeing customer and we are honored that the passenger-preferred 787 Dreamliner will join their world-class fleet. The combination of both the 777-300ER and 787-9 will provide the airline with market-leading economics as well as flexibility that will contribute significantly to their success operating long-haul flights to North America."

China Eastern Airlines Chairman Liu Shaoyong said, "We are very happy to introduce the new 787 Dreamliners into our long-haul fleet. "The addition of these next-generation, fuel-efficient airplanes will play a key role in supporting China Eastern's strategy for international expansion, and enable us to realize profits in point-to-point routes across the Pacific Ocean, and between China and Europe."

On Wednesday, the stock ended 2.88 percent higher.

Posted-In: News Contracts


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