The Boeing Company (NYSE: BA) has finalized an agreement with China Airlines for the purchase of eight 787-9 Dreamliners. The deal was sealed at the 2023 Paris Air Show. This deal solidifies the airline’s commitment to the Dreamliner series after their initial order for 16 787-9s was announced last year.
In response to the news, The Boeing Company (BA) stock rises 0.19% to $220.41 in the pre-market trading Tuesday.
China Airlines has also made the decision to convert six of their 787-9s to the larger 787-10 model, becoming the latest customer to embrace this variant. By doing so, the airline aims to enhance flexibility and increase capacity within its regional network, as passenger demand continues to exceed pre-pandemic levels.
Over the next few years, China Airlines will gradually introduce a total of 24 highly efficient 787s into its fleet, further bolstering its global network. This move is expected to contribute significantly to the airline’s sustainability goals, as the 787 is designed to reduce fuel consumption and emissions by an impressive 20%.
Notably, the 787 family is experiencing unprecedented popularity, achieving a record-breaking sales rate in the past six months with over 250 orders and commitments received.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
