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Chinese airline buys Boeing 737s worth $3.5 billion

Post by John Gillie / The News Tribune on Aug. 6, 2012 at 12:47 pm with No Comments »
August 6, 2012 12:49 pm

China’s Xiamen Airlines has agreed to purchase 40 Boeing Next-Generation 737-800s, Boeing and the airline announced this week.

The order is worth $3.5 billion at list prices. Airlines, however, seldom pay list prices, bargaining the price down to as little as 50 percent of the sticker price.

The aircraft will augment Xiamen’s existing fleet of six Boeing 757s and 77 Next Generation 737s.

The airline will use the new aircraft to expand its network both domestically and to foreign destinations.

“Xiamen Airlines is a valued customer of The Boeing Company and we are delighted that Xiamen has decided to add to their expanding Next-Generation 737 fleet,” said Ihssane Mounir, Boeing’s vice president of sales and marketing for greater China and Korea. “This commitment from one of the fastest growing airlines in the world is a testament to the world’s best-selling airplane and the many advantages the Next-Generation 737 provides to the airline and its passengers.”

This week’s order is the latest in a series of big orders and commitments from domestic and foreign carriers for the popular 737. In recent weeks, El Al, Silk Air, AeroMexico and United airlines have all bought 737s.

The aircraft are all built in Boeing’s Renton plant. Boeing has booked orders for more than 10,000 of the aircraft since the mid-60s. The aircraft is now in its fourth generation.

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