Join        Login             Stock Quote

Boeing (BA): China Airlines Orders Six 777s To Expand Long-Haul Fleet

 December 21, 2012 01:51 PM

(By Balachander) Boeing Co. (NYSE: BA) announced an order for six 777-300ERs (Extended Range) airplanes from its customer China Airlines.

The order is valued at roughly $2 billion at list prices.

China Airlines also will lease four 777-300ERs from GE Capital Aviation Services (GECAS).

Boeing said the introduction of the new 777-300ERs will add improved airplane performance and economics to China Airlines' long haul fleet.

The new airplanes will become the first 777s to join China Airlines' fleet.

China Airlines currently operates 23 Boeing passenger airplanes consisting of 747-400s and 737-800s, and 21 Boeing cargo aircraft consisting of 747-400F's.

[Related -General Electric Company (GE) Q4 Earnings Preview: Feeling The January Effect]

"The 777-300ER sets the standard for twin-aisle airplanes with improved reliability and airplane performance," said Huang-Hsiang Sun, president of China Airlines. "Our new 777-300ER airplanes will feature new interiors that will enhance the flying experience for our passengers."

China Airlines will configure its 777-300ERs to accommodate more than 350 passengers in a three-class configuration and has a maximum range of 7,825 nautical miles (14,490 km).

BA shares shed 0.33 percent to trade at $75.95 on Friday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageSavings Glut and Financial Imbalances

Martin Wolf in today's Financial Times discusses the reasons for low interest rates and suggests some read on...

article imageA Dividend Aristocrat Is Now On Sale

The bear market investors have been dreading is already here for many individual stocks. While the S&P 500 read on...

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.