Taiwan's China Airlines Orders 16 Boeing 787s

• Following a widely-watched competition staged against the backdrop of regional tensions, Taiwan's China Airlines Ltd stated that it would purchase 16 Boeing Co (NYSE: BA) 787 widebody aircraft to replace its aging fleet of Airbus SE (OTC: EADSY)) A330s reported Reuters.

• The politically sensitive deal worth $4.6 billion at list prices was announced weeks after a visit to Taipei by U.S. House of Representatives Speaker Nancy Pelosi.

• China Airlines said the 787s would allow it to phase out its fleet of 22 older A330s. Deliveries of the 787s are expected to start in 2025

• The orders for the 787-9 version include options for eight more and conversion rights to the higher-capacity 787-10 model.

• Price Action: BA shares are trading higher by 1.55% at $167.98 during the premarket session on Tuesday. EADSY shares closed lower by 0.20% at $25.16 on Monday.

• Photo via Wikimedia Commons

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