Skip to content

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

By Catholic Online (NEWS CONSORTIUM)
4/23/2014 (2 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 (2 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 MARCH 2017
Support for Persecuted Christians.
That persecuted Christians may be supported by the prayers and material help of the whole Church.


Comments


More Asia Pacific

Malaysian Pastor abducted for helping Muslims Watch

Image of Pastor Raymond Koh was abducted after helping a Muslim.

Malaysian Pastor Raymond Koh was on his way to a friend's home in Petaling Jaya, near Kuala Lumpur, the morning of February 13. LOS ... continue reading


Is Trump about to attack North Korea? Watch

Image of The USS Carl Vinson has arrived in South Korea to participate in exercises.

Observers are concerned that the United States and her allies are about to strike North Korea while using annual exercises as cover. The ... continue reading


Philippine House of Representatives makes shocking approval - Bishops 'overcome with grief' Watch

Image of Philippine bishops call Catholic lawyers, judges and jury members to fight the death penalty.

The Philippines House of Representatives took a giant leap back when they voted to bring a dead (for good reason) law back to life. LOS ... continue reading


The heartbreaking reality behind China's 'invisible' children Watch

Image of

For some 35 years, the population of China was strictly controlled by the Communist government's one-child policy. Beijing, China (CNA) - ... continue reading


Oarfish strandings in Philippines could mean massive quake coming Watch

Image of Oarfish sightings are rare and often associated with earthquakes.

People in the Philippines are concerned after Oarfish began stranding themselves on beaches in February. Following the first stranding on ... continue reading


Never Miss any Updates!

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

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.