Air China to purchase 5x B747-8

>> Wednesday, March 9, 2011



Air China Agrees To Buy 5 Boeing 747-8 Planes; List Price $1.54 Bln


SHANGHAI (Dow Jones)--Chinese flag carrier Air China Ltd. (0753.HK) said Tuesday it signed an agreement with Boeing Co. (BA) to buy five 747-8 aircraft that will expand its fleet capacity by 6.6%.

Air China said in a statement the planes' combined list price is around US$1.54 billion, but it didn't disclose the actual purchase price. The company added that Boeing had granted it "significant price concessions."

The Chinese carrier said it expects to take delivery of the planes from 2014 to 2015.

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