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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.

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