Boeing [NYSE:BA] and Air China today announced an order for six additional 777-300ER (Extended Range) jetliners. The order is valued at more than $2 billion at current list prices and bolsters Air China’s long-haul widebody fleet as it looks to expand its international network.
“The 777-300ER has consistently proved its value as a long-haul flagship for our customers around the world, making it the preferred choice for Air China’s international expansion,” said Ihssane Mounir, senior vice president, Northeast Asia Sales, Boeing Commercial Airplanes. “This order reflects the strength of our decades-long relationship with Air China and we look forward to partnering with Air China on additional opportunities in the future.”
China’s flag carrier continues to modernize its long-haul fleet to replace aging aircraft and plans to expand its growing network internationally. Air China currently operates a fleet 174 Boeing airplanes, including nearly all current Boeing production models, including the Next-Generation 737, 747-8 Intercontinental as well as 777-300ERs.
With this new order, Air China will increase its unfilled airplane orders with Boeing to 90 units, which include orders for new 787-9 Dreamliners.
The 777-300ER is one of the most fuel and cost-efficient airplanes in its class as well as the most reliable twin-aisle aircraft in the world. It also has the highest cargo capability of any passenger airplane in service. The 777-300ER will receive further improvements in 2016 designed to reduce fuel use by another two percent.
Source: The Boeing Company (NYSE: BA)
Date: Jan 8, 2016