Skip to main content
Tags: Boeing | China | Billion | Aircraft

Boeing Wins China Eastern Approval for $6 Billion Aircraft Order

Friday, 27 April 2012 12:45 PM EDT

Boeing Co. reached an agreement to sell 20 long-range 777 jets, the planemaker’s most-profitable model, to China Eastern Airlines Corp. in a deal with a list value of about $6 billion.

China Eastern’s board approved the purchase along with the sale of five Airbus SAS A340 four-engine planes, according to a filing today with the Hong Kong Stock Exchange. Both transactions are subject to ratification by shareholders, said China Eastern, the country’s second-biggest airline.

Chinese airlines have become large customers for Boeing and Airbus as the nation’s economic growth spurs travel demand. The country will probably order 5,000 planes in the 20 years ending 2030, according to a forecast from Chicago-based Boeing.

A Boeing spokesman, Miles Kotay, said the purchase requires approval from the Chinese government, and the planemaker won’t post it as an order until regulators act. China Eastern didn’t release terms on the acquisition of the 20 twin-engine planes, and airlines typically buy at a discount to list prices.


© Copyright 2025 Bloomberg News. All rights reserved.


161
2012-45-27
Friday, 27 April 2012 12:45 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved