Friday, March 01, 2013

Air China to Buy 31 Boeing Passenger Jets, Freighters to Boost Capacity

March 1, 2013, 11:04 a.m. ET
The Wall Street Journal

HONG KONG--Air China Ltd. Friday signed an agreement to buy a total of 31 passenger aircraft and freighters from Boeing Co. with a combined list price of $4.83 billion, as it seeks to expand capacity and improve efficiency.

The Chinese flag carrier said in a statement that it ordered 20 Boeing 737-800 aircraft, two Boeing 747-8 Intercontinental aircraft and one Boeing 777-300ER aircraft, which are scheduled for delivery from 2014 to 2015.

Air China's 51%-owned unit Air China Cargo Co. has also ordered eight Boeing 777 freighters, which will be delivered between 2013 and 2015, it added.

The Chinese carrier didn't disclose the purchase prices but said Boeing had granted it "significant price concessions." Airlines usually receive discounts for large orders.

Once all the Boeing aircraft have been delivered, the carrier's available ton kilometers--a measure of capacity--will increase by 18.7% from the end of December 2012, it said. 


Source: http://online.wsj.com

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