China Airlines Picks Boeing for Major Aircraft Order

Published 2 hours agoBA

China Airlines Picks Boeing for Major Aircraft Order

Taiwan's China Airlines has solidified its commitment to Boeing with a substantial order of 14 777X wide-body aircraft. The order includes 10 777-9 passenger planes and four 777-8 freighters, with additional options for another five 777-9s and four 777-8 freighters. This move is in line with a previous strategy revealed in December, where the airline planned purchases amounting to $11.9 billion at list prices, including Boeing and Airbus models. Deliveries for the new aircraft will commence in 2029.

In recent trading, Boeing Co.'s stock was priced at $187.70, with a slight increase of $2.68, reflecting a 0.01% change from the prior close. The stock began the day at $186.76, reaching an intraday high of $188.55 and a low of $185.39. The intraday volume was recorded at 447,206.

This procurement aligns with China Airlines' broader strategy to expand and renew its fleet with more efficient and modern aircraft, as highlighted in their prior announcement. The decision to incorporate both Boeing and Airbus models demonstrates the carrier's aim to diversify its fleet while preparing for future demand and operational requirements. The commitments reflect a significant investment in the airline's long-term growth and sustainability.

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