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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 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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