Boeing has announced deals to sell 10 billion dollars worth of planes to Air China – the country’s flagship carrier – and Hong Kong based Hainan Airlines.
Air China is buying five of Boeing’s newest, largest version of the 747 jumbo jet; with 450 seats it is a rival to the Airbus A380. It is a significant sale because orders for that Boeing aircraft have been slow.
China is the world’s fastest growing market and likely to buy more than 2,000 aircraft over the next five years.
As air travel becomes more popular among China’s increasingly wealthy population, Chinese airlines are keen to expand fleets to compete with regional players such as Singapore Airlines and Cathay Pacific.
China’s purchases of aircraft will help drive overall demand in Asia-Pacific, where average annual air traffic growth is expected to grow by 6.8 percent over the next 20 years, higher than the global pace, Boeing said. Asia-Pacific is likely to make up a third of global aircraft demand over the next 20 years.
Copyright © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 3Italy swamped by flash floods | euronews, world news
- 4Back to School for Romania’s new First Lady | euronews, world news
- 5What will you ask US Senator John McCain? | euronews, world news
- 6Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 7India PM Modi appoints Yoga minister | euronews, world news
- 8Vladimir Putin most powerful man in the world – Forbes | euronews, world news
- 9[Live] Rosetta’s Philae lands on comet 67P and enters the history books | euronews, world news
- 10European e-revolution people rise up | euronews, world news
- 11International tv news | euronews: European and International tv news bulletin
- 12Where is the best place in Europe for women? | euronews, world news
- 13Irony as organised crime prosecutor arrested for corruption in Romania | euronews, world news
- 14Obama’s ‘risky’ immigration gamble | euronews, world news
- 15Nadia Comaneci: gymnast of perfection and defector | euronews, the global conversation
- 16Putin plans to leave G20 talks early amid Ukraine pressure | euronews, world news
- 17Transcript of hanged Iranian woman’s final message released | euronews, world news
- 18International breaking news | euronews online world breaking news in video
- 19Syria: Islamic extremists pledge to press ahead with battle for Kobani | euronews, world news
- 20Edgars Rinkevics: “I am gay. Good luck all of you.” | euronews, world news
Wires > Business
- 22:16 CET Dollar falls on weak U.S. data, stocks gain
- 22:14 CET Chrysler says air bag recall will start earlier than planned
- 22:14 CET Medtronic gets U.S. antitrust OK to buy Covidien with divestiture
- 21:18 CET Nigeria’s parliament says Shell should pay $4 billion for 2011 oil…
- 21:14 CET OPEC heading for no output cut despite oil price plunge
- 21:10 CET Medtronic gets U.S. antitrust OK to buy Covidien with divestiture
- 21:04 CET Nigeria’s parliament says Shell should pay $4 billion for 2011 oil…
- 21:02 CET Dollar falls on weak U.S. data, stocks eke out gains