China’s Airlines will increase their aircraft from Boeing for about $4,6bn
“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 plane maker said in a statement.
The order still needs to be approved by the Chinese government.
Media told that Shandong Airlines was placed order to buy 50 aircraft from Boeing. This news was confirmed by Boeing, except they’re not told the number. The aircraft manufacturer will get extra money for about $4,6 billion worth £2,6 billion.
Shandongdecide to improve their armada, because of growing number of the airlines are looking to purchase fuel-efficient aircraft, triggering competition among plane makers.
The 100-200 seat narrow-body, or single-aisle, aircraft market is forecast to generate $20 trillion (£12.8tn) 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 latest 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 (Comac).