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CEA China Eastern Airlines Corp Ltd

20.09
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
China Eastern Airlines Corp Ltd NYSE:CEA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.09 0 01:00:00

China Eastern Airlines: To Buy 20 B777-300ER Aircraft For US$5.94 Billion

30/04/2012 2:03am

Dow Jones News


China Eastern Airlines (NYSE:CEA)
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China Eastern Airlines Corp. (0670.HK) said Monday it has agreed to purchase 20 B777-300ER aircraft from Boeing Co. (BA) for US$5.94 billion.

The Shanghai-based airline said the new aircraft, which will be delivered in stages from 2014 to 2018, will help satisfy the increasing demand on international long-haul routes.

"The purchase of the Boeing aircraft will further strengthen the company's competitiveness in the international civil aviation market and increase its operational capacity in international routes of the company," China Eastern said in a statement.

Meanwhile, the company has agreed to sell five Airbus A340-600 aircraft, in a deal worth CNY4.47 billion (US$707 million), it said in the same statement. The sale will help the airline cuts costs.

-By Fiona Law, Dow Jones Newswires; 852-2802-7002; fiona.law@dowjones.com

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