China Eastern

[LGS6753]

China Eastern has today announced various orders...

In a blow to Boeing, they have ordered 15 A330s (12 x -200s, 3 x -300s).

They will sell back to Airbus 5 x A340-300s during 2012.

An order for 24 x Boeing 787s has been cancelled due to delivery delays and weakening economic conditions.

Instead, they have ordered 45 x B737 (series not known)

[ManofMan]

In other news.....Elvis has also passed away.

[Chidken Sangwich]

In a big blow to Boeing???

Airbus orders of 15, less 5 hand backs = 10.
Boeing orders of 45, less 24 hand backs = 21.

Am I missing something?

The 737's are -800's btw.

[apaul]

Presumably what you are missing is that a B737-800 will be less than half the price of a B787 so in money terms the order is now smaller. On the other hand you could say that Boeing has now go an order where it has production capacity, and a cancellation for a type where it can't keep up with orders anyway.

[Groundloop]

Boeing also has an order on which they can make money!

The vast majority of 787's were sold at prices that are now well below the cost of manufacturing them.