September 1, 2010 (Chinavestor) Air China (HKG:0753) will purchase 15 787-9 Dreamliner passenger aircraft from Dow component Boeing (NYSE:BA), expanding its fleet by 11%. The order replaces buy 15 787-8 aircraft, delivery of which was delayed by Boeing (NYSE:BA), according to the Wall Street Journal.
On August 27, Boeing (NYSE:BA) delayed delivery of the Dreamliner again due to problems with an engine made by Rolls Royce. Japan's All Nippon Airways will take delivery of the first Dreamliner in the middle of the first quarter of 2011.
The list price for the planes is around $3.19 billion, but it is unlikely Air China (HK:0753) paid that price because Boeing (NYSE:BA) granted the airline "significant concessions." The actual purchase price was not disclosed by either company.
China's airline carriers ordered a total of 60 Boeing 787s, each priced at about $200 million, according to the People's Daily Online. The plane can fly 200-300 passengers. China Southern (NYSE:ZNH) has ordered 10 Dreamliners.
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July 15, 2010 (Chinavestor) China Eastern Airlines (NYSE:CEA), the second largest Chinese carrier, reported that profits surged to RMB1,173,507,000 ($173.1 million) for the first six months of th...
May 14, 2010 (Chinavestor) Excitement surrounding China Transinfo Technology Corp. (NASDAQ:CTFO) waned quickly as investors took a second look at the latest financials. While the company reporte...
