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Air China to buy 20 Boeing planes: statement

by Staff Writers
Hong Kong (AFP) June 25, 2010
Flag carrier Air China said on Friday it had agreed to buy 20 of Boeing's 737-800 planes as it expands to meet growing demand.

In a statement to the Hong Kong stock exchange, Air China said the list price for the short-to-medium range planes amounted to 1.4 billion US dollars but it had been granted "significant price concessions".

The planes are for delivery between 2013 and 2015.

"The transaction will strengthen the fleet capacity of the company with an increase of approximately five percent," Air China said in a statement.

"The transaction will reinforce the company's market share in the domestic market, and will also increase frequency of flights for a number of domestic and neighbouring international routes."

The announcement came despite concerns earlier this year that Boeing might be affected by Chinese sanctions on US companies involved in arms sales to Taiwan -- sales that prompted Beijing's fury.

Boeing opened an aircraft maintenance hanger at Shanghai's Pudong Airport last October, expanding a joint venture in China.

Also last October Boeing predicted China's aviation market would produce orders for 3,710 new commercial aircraft over the next 20 years.

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Tibet Airlines to take off next year: state media
Beijing (AFP) June 22, 2010
The first airline to be based in Tibet will launch its first domestic flights from the remote Himalayan region in the middle of next year, state media reported on Tuesday. Tibet Airlines will operate flights within Tibet and link its capital Lhasa with other major cities across the China, the China Daily said. The carrier is considering buying Boeing 737-700 and Airbus 319 aircraft to se ... read more

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