September 1, 2010 (Chinavestor) Air China (HKG:0753) will purchase 15 787-9 Dreamliner passenger aircraft from Dow component Boeing (NYSE:BA), expanding its fleet by 11%. The order replaces buy 15 787-8 aircraft, delivery of which was delayed by Boeing (NYSE:BA), according to the Wall Street Journal.
On August 27, Boeing (NYSE:BA) delayed delivery of the Dreamliner again due to problems with an engine made by Rolls Royce. Japan's All Nippon Airways will take delivery of the first Dreamliner in the middle of the first quarter of 2011.
The list price for the planes is around $3.19 billion, but it is unlikely Air China (HK:0753) paid that price because Boeing (NYSE:BA) granted the airline "significant concessions." The actual purchase price was not disclosed by either company.
China's airline carriers ordered a total of 60 Boeing 787s, each priced at about $200 million, according to the People's Daily Online. The plane can fly 200-300 passengers. China Southern (NYSE:ZNH) has ordered 10 Dreamliners.
August 24, 2010 (Chinavestor) China Petroleum & Chemical Corp., also known as Sinopec (NYSE:SNP), is exploring acquisition possibilities, which include buying assets from its parent company and o...
August 23, 2010 (Chinavestor) Aluminum Corp. of China (NYSE:ACH) (HKG:2600) (SHA:601600), the largest Chinese maker of the metal, reported second quarter results on Monday. The good news is that the ...
August 23, 2010 (Chinavestor) China Petroleum & Chemical Corp. (NYSE:SNP), known as Sinopec, reported second quarter financials on Monday. While net income attributable to shareholders rose 5.0 p...
August 19, 2010 (Chinavestor) China Mobile (NYSE:CHL), China's largest mobile phone carrier in the world, said its first-half profit crawled higher by 4.2% to $8.4 billion as revenue jumped 8% to $...
