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Boeing secures Air China orders for 747-8 aircraft

By Bloomberg News in New York | China Daily | Updated: 2013-03-04 07:51

Air China Ltd, the nation's biggest carrier by market value, agreed to buy two Boeing Co 747-8 aircraft in the airplane maker's first sale of the models this year.

Air China will also purchase one wide-body 777-300 plane, 20 single-aisle 737-800 jets and eight 777 freighters, according to a statement over the weekend. The planes have a combined catalog value of $4.8 billion. Boeing granted "significant price concessions" through credit agreements, the airline said in the statement.

Boeing, based in Chicago, hasn't sold more than five 747-8 aircraft a year since Deutsche Lufthansa AG purchased 19 of the planes in 2006, and concern that persistently weak demand could prompt the company to curtail production has been mounting.

Boeing secures Air China orders for 747-8 aircraft

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