China's Hainan Airlines places USD8b Boeing order


(MENAFN) China's Hainan Airlines said it is planning to buy 30 Dreamliner aircraft from US Boeing, worth almost USD8 billion, as it seeks to expand its long-haul service, The Peninsula Qatar reported.

The 30 Boeing 787-9 Dreamliners are due to be delivered before the year 2021, Hainan Airlines said in a statement to the Shanghai stock exchange, where it is listed.

The order would be valued at USD7.7 billion based on list prices given on Boeing's website. The 787-9 can carry up to 280 passengers for distances of almost 15,400 kilometers (9,570 miles).

"They will need this for their long-haul flights," an analyst with Capital Securities said. "Because the deliveries are stretched over the next 10 years or so, this order isn't as aggressive as it looks."


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