The largest carrier in China, Air China, said Monday that it has signed an agreement with American jet maker Boeing for 60 B737 planes for a total price of nearly $6 billion. The Chinese flag carrier in a statement to Hong Kong stock exchange said that the aircraft are to be delivered between 2016 and 2020 as per the agreement. Boeing also confirmed the latest deal with an air carrier from an emerging economy.
The deal will include "next generation" 737 and 737 MAX airplanes, which are known for their fuel efficiency, Boeing said.
"Our long-standing and productive partnership with Air China dates back to the airline's beginning and we are proud the 737 has been part of their success," said Ihssane Mounir, Boeing's vice president of sales and marketing for Northeast Asia. Boeing officials have highlighted strong commercial growth as a key offset to weakness in its government business in light of defence budget cuts.
Source and image: Boeing
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