Boeing pens $4.6bn plane deal with Chinese airline Shandong

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BOEING has agreed to supply Chinese carrier Shandong Airlines with new planes.

Shandong has bought 50 Boeing 737 planes, worth $4.6bn at list prices, as part of its plan to nearly double its overall fleet by 2020, according to China’s state news agency Xinhua.

The airline is majority-owned by Air China, which also features the 737 prominently in its fleet.

Shares in Shandong, which is listed on the Shenzhen exchange, rose 3.2 per cent yesterday.

Boeing, which is due to publish its quarterly results when the US markets open this afternoon, did not confirm the size of the order yesterday.

The group this month delivered its 8,000th Boeing 737, the world’s best-selling civilian jetliner.

Boeing topped its rival Airbus on plane deliveries last year, handing 648 jets to customers compared to its French peer’s 626. Both firms are vying for orders in China, where demand for commercial flights is skyrocketing.

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