Boeing [NYSE: BA] announced today that Air China has agreed to buy two Boeing 747-8 Intercontinentals, one 777-300ER (Extended Range) and 20 Next-Generation 737-800s. In addition, Air China Cargo, a subsidiary of Air China, has agreed to buy eight 777 Freighters. The airline plans to expand its capacity to meet growing demand in Asia-Pacific and China, the most dynamic market for commercial airplanes.
The agreement requires Chinese government approval. Boeing looks forward to working with Air China, a long-time valued customer, to obtain approval. Once approved, the order will be posted to Boeing's Orders & Deliveries website.
“We’re very pleased that Air China has decided to add more 747-8 Intercontinentals, 777-300ERs and 737-800s to its expanding fleet and we are excited to introduce our super-efficient 777 Freighters to the Air China Cargo fleet,” said Ihssane Mounir, vice president of Sales and Marketing for Northeast Asia, Boeing Commercial Airplanes. “Our long and enduring partnership with Air China goes back to the airline's beginning and we're proud to be part of their success.”
Source: The Boeing Company (NYSE: BA)
Date: Mar 5, 2013