Tags: boeing | jets | china | hainan

Boeing Nears $7.7 Billion Sale of 787 Jets to China's Hainan

Wednesday, 25 Mar 2015 08:18 PM


Boeing Co. is poised to land an order for 30 787-9 Dreamliner aircraft valued at $7.7 billion from Hainan Airlines as China’s carriers gird for a travel boom.

The deal would bolster sales of Boeing’s marquee jet, which has only netted one order in 2015, according to the Chicago-based planemaker’s website. While the 787-9 is priced at $257.1 million, airlines typically negotiate volume discounts.

Hainan, based on China’s island province, would expand its Dreamliner fleet from the current nine jets with the transaction, which was disclosed in a statement posted on the Shanghai Stock Exchange Wednesday. The airline said it will take delivery of the first of the larger 787s by 2021.

“We don’t comment on conversations with our customers,” Doug Alder, a Boeing spokesman, said in an e-mail.

China’s carriers are expected to buy more planes from Boeing and Airbus NV, based in Toulouse, France, to keep pace with demand for travel from a burgeoning middle class. The country is on pace to surpass North America as the biggest air- travel market within the next two decades, according to Boeing’s market forecast.

The Asia-Pacific region already is a substantial market for large jetliners, accounting for 50 percent of global deliveries, Noah Poponak, a New York-based analyst with Goldman Sachs & Co., said in a Feb. 23 report.

The 787 is the first jetliner built from carbon-fiber strands instead of the traditional aluminum, and made its commercial debut with the -8 variant in 2011. The bigger 787-9 typically seats 280 people, according to Boeing.

If confirmed, the Hainan order would be the biggest Dreamliner transaction logged by Boeing since 2013, when it formally unveiled the 787-10, the largest of three planned models.

Boeing has 467 orders for the -8, the smallest Dreamliner, 466 total -9 sales and 139 orders for the -10, according to the company’s website.


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Boeing Co. is poised to land an order for 30 787-9 Dreamliner aircraft valued at $7.7 billion from Hainan Airlines as China's carriers gird for a travel boom.
boeing, jets, china, hainan
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2015-18-25
Wednesday, 25 Mar 2015 08:18 PM
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