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US$6b deal for 50 Boeing jets in sight
By Cao Desheng (China Daily)
Updated: 2005-07-30 07:14

Chinese airlines are expected to finalize contracts worth US$ 6 billion for 50 Boeing 787 Dreamliners early next month.

This file photo released 28 January 2005 by US aircraft constructor Boeing shows the new Boeing 787 jet pictured airborne. [AFP]
The agreement with the US aircraft manufacturer is part of a deal initially drafted in early January, according to a National Development and Reform Commission statement on Friday.

The airlines include Air China, China Eastern Airlines, Hainan Airlines, Xiamen Airlines and Shanghai Airlines, with the first aircraft delivery slated for June 2008, the statement said.

Production of the Boeing 787, a long-haul passenger jet with a seat capacity ranging from 223 to 296, will begin in 2006. The first flight is expected in 2007.

In January, Boeing inked an initial agreement to sell 60 Boeing 787 passenger jets with a catalogue price of US$ 7.2 billion to Chinese airlines.

That agreement also included China Southern Airlines, which was missing from Friday's announcement.

"We are still in the process of working with the six Chinese airlines to finalize the previously announced commitments for the 787s," George Liu, vice-president of Communications at Boeing China, told China Daily.
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