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Industry Watch

Air China To Buy 15 Boeing Dreamliners

Air China To Buy 15 Boeing Dreamliners

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.

 
Industry Watch

China Could Plow $15B Into Alt-Energy Cars

China Could Plow $15B Into Alt-Energy Cars Aug. 4, 2010 (Chinavestor) In a bid to reduce its use of fossil fuels, China may invest $15 billion in alternative energy vehicles from 2011 to 2010, according to the Shagnhai Securities News. The sp...
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Industry Watch

China Eastern Air Profit Up 50%

China Eastern Air Profit Up 50% July 15, 2010 (Chinavestor) China Eastern Airlines (NYSE:CEA), the second largest Chinese carrier, reported that profits surged to RMB1,173,507,000 ($173.1 million) for the first six months of th...
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Industry Watch

Progress of Absorption of Shanghai Airlines

Progress of Absorption of Shanghai Airlines June 30, 2010 (Press Release - Chinavestor) PROGRESS OF THE IMPLEMENTATION OF THE ABSORPTION OF SHANGHAI AIRLINES THROUGH SHARE EXCHANGE This announcement is made by the Company pursuant to Ru...
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Industry Watch

CTFO swings wild after 2010 Q1

CTFO swings wild after 2010 Q1  May 14, 2010 (Chinavestor) Excitement surrounding China Transinfo Technology Corp. (NASDAQ:CTFO) waned quickly as investors took a second look at the latest financials. While the company reporte...
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