China Airlines has announced plans to buy 16 of Boeing’s 787 Dreamliner wide-body planes. The deal is valued at $4.6 billion, with deliveries expected to begin from 2025.
China Airlines said the 787s would allow it to phase out its fleet of 22 older A330s. The orders for the 787-9 version include options for eight more as well as conversion rights to the higher-capacity 787-10 model.
The carrier, one of the world’s biggest freight airlines, cited the 787’s cargo-carrying capacity as one of the reasons behind its selection.
This will be the first time China Airlines operates the Dreamliner and the second Taiwanese carrier to do so after EVA Air, which currently operates 10 Dreamliners and awaits delivery of a further 11 planes.
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The order from China Airlines comes a day after Boeing received an order from shipping company UPS for eight more 767 Freighters. UPS will take delivery of the airplanes starting in 2025, expanding its fleet to 108 767s.
SOURCE: The Kenya wall street
