Skip to content

Made to order: China's Shandong Airlines gives Boeing $4.6 billion order

By Catholic Online (NEWS CONSORTIUM)
4/23/2014 (3 years ago)
Catholic Online (www.catholic.org)

Fifty Boeing 737 aircraft ordered up by world's fastest growing nation

China is a nation on the move, literally. Wishing to spread its growing industrial superiority worldwide, China's Shandong Airlines has said that it has placed an order for 50 Boeing 737 aircraft, worth $4.6 billion at list prices.

Boeing is already bogged down with 400 orders for the C919, mostly from China, many analysts expect it to win more orders, especially from domestic carriers.

Boeing is already bogged down with 400 orders for the C919, mostly from China, many analysts expect it to win more orders, especially from domestic carriers.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
4/23/2014 (3 years ago)

Published in Asia Pacific

Keywords: Boeing 737, China, Yuan


LOS ANGELES, CA (Catholic Online) - Chinese carriers for some time have been looking to increase their fleets to cater for a growing domestic demand for air travel. Boeing told the media that it had received an order from the airline -- but refused to confirm the number of planes.

The order is awaiting approval by the Chinese government.

Check out our fine selection of Bibles -- by going here!

"Boeing is delighted with Shandong Airlines' strong interest in the efficient 737 airplane and we continue to work with them and the Chinese government to determine the best way to meet their requirement," the company said in a statement.

A growing number of airlines are looking to purchase fuel-efficient aircraft, triggering competition among plane makers.

The 737 typically has 100 to 200 seats, is a narrow-body, or single-aisle aircraft. The market is forecast to generate $20 trillion worth of sales for plane makers over the next 20 years.

The sector is currently dominated by Airbus's A320 and Boeing's 737 aircraft. If approved, the order from China will be a big win for Boeing which is not only competing with Airbus but also likely to face competition from China's state-owned Commercial Aircraft Corporation of China, or Comac.

Comac is also targeting the 100-200 seat plane market with its C919 aircraft.

Boeing is already bogged down with 400 orders for the C919, mostly from China, many analysts expect it to win more orders, especially from domestic carriers.

Rival Chinese airline Air China warned that first quarter profits will be up to 65 percent lower compared with last year as a result of the fall in the Yuan's value.

Funding much of its aircraft purchases in U.S. dollars, the state-owned airline, which reported a net profit of 249 million Yuan in the first quarter of 2013.

Rival China Southern Airlines warned on profits for the same reason last week.

The Yuan fell by 2.7 percent against the US dollar in the first quarter of the year.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for OCTOBER 2017
Workers and the Unemployed.
That all workers may receive respect and protection of their rights, and that the unemployed may receive the opportunity to contribute to the common good.


Comments


More Asia Pacific

Indonesia rejects law that would criminalize sex outside of marriage Watch

Image of Indonesia's Supreme Court has rejected a change to the law that would criminalize all sex outside of marriage.

Indonesia's high court has ruled against a petition that would have outlawed all sex outside of marriage.  LOS ANGELES, CA (California ... continue reading


Australia asks Church to end celibacy and confession to fight child sex abuse Watch

Image of The Royal Commission has recommended that the Church end celibacy and break the seal of confession.

A commission established in Australia to investigate child sex abuse has recommended the Catholic Chruch end its practice of priestly ... continue reading


Is war with North Korea imminent? Here's the unmistakable sign to watch out for Watch

Image of Unless we see a massive buildup of forces and the evacuation of civilians, we should not worry about war with North Korea.

North Korea has announced that war with the U.S. is inevitable, and it is now only a matter of when. The reclusive nuclear state commonly ... continue reading


A Catholic missionary in Burma Watch

Image of There are over 700,000 Catholics in Myanmar, but that is only 1.7 percent of the population.

As Pope Francis continues his visit to Burma -- also known as Myanmar -- this week, he is encountering a country where life for Catholics ... continue reading


Pope Francis asks Rohingya for forgiveness on behalf of all who persecute them Watch

Image of Rohingya Muslims have suffered persecution from the Buddhist majority in Myanmar.

After meeting several Rohingya Muslims and hearing their stories in Bangladesh, Pope Francis uttered a moving prayer from the heart, ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Information
Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Services
Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on catholic.org

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Education
Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

Catholic Online MasterClass
Learn from experts

School Teachers
Teacher lesson plans & resources

Catholic Media Missionaries
The New Evangelization

Support Free Education
Tax deductible support Free education

Socials
Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.