China Airlines Finalizes Boeing 777 Freighter Orders
September 04 2019 - 3:01PM
Dow Jones News
By Kimberly Chin
China Airlines Ltd. finalized a $2.1 billion deal Wednesday with
Boeing Co. (BA) to order six 777 freighters in an effort to
modernize its cargo fleet.
China Airlines is launching operations from Taipei to North
America, a key market. The orders fit in with its plans to
transition its 747 fleet to the larger and longer-range twin-engine
777 freighters. Freighters are aircraft designed to carry goods in
bulk.
"Air cargo is an important part of our overall business and the
introduction of these new 777 freighters will play an integral role
in our long-term growth strategy," said Hsieh Su-Chien, the
chairman of China Airlines, in prepared remarks.
The deal follows the carrier's announcement at the Paris Air
Show in June to order up to six freight aircraft from Boeing.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
September 04, 2019 14:46 ET (18:46 GMT)
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