Aviation News

May 3, 2012

World’s Biggest Trade-In? Boeing Buys Five Airbuses to Seal China Eastern 777 Deal

More articles by »
Written by: admin
Tags: , , , , ,
This China Eastern Airbus A340-600 will soon belong to Boeing. (Photo by Eric Dunetz)

Boeing has agreed to buy five Airbus A340 jets from China Eastern Airlines as part of a deal that will send 20 new Boeing 777s to China.

China Eastern announced last week that it had reached a deal to purchase 20 Boeing 777-300ERs worth just under $6 billion at list prices. A portion of the purchase price will be offset by essentially trading in all five of their A340-600 airliners to Boeing, who will in turn try to unload them on other buyers.

The A340-600s were delivered between 2003 and 2004, but are much less efficient than the 777s that will replace them on long-haul routes. Five A340-300s will remain in the China Eastern fleet.

While unusual, it is not the first time Boeing has purchased rival Airbus jets in order to smooth over a sale. In the early 2000s, for example, Boeing bought two 17 A340s from Singapore Airlines as part of a 777 deal.



About the Author

admin





 
 

 

Making Rain Shine: Behind the Scenes with the 2017 USAF Viper Demo Team

Demonstrating the high performance characteristics of the F-16 in the subsonic and transonic flight envelope, the Viper Demo Team packs pride, professionalism and dedication into a 15-minute aerial demonstration.
by Mark Kolanowski
0

 
 

British Airways Arrives in Fort Lauderdale

British Airways begins service to Fort Lauderdale, its fourth destination in Florida, and its 25th airport in the United States.
by Mark Lawrence
0

 

 

2017 Paris Airshow Highlights

This year's Paris Air Show has been a show stopper as usual. Check in to see the highlights so far.
by Stephanie Gehman
0

 
 

Norwegian Air International Launches Flights to Stewart International Airport

Norwegian Air International made history at Stewart International Airport in Newburgh, NY on Thursday with the launch of transatlantic flights.
by Ben Granucci
0

 
 

Stratolaunch: The Next Evolution of Consumer Space Travel

Introducing the new largest aircraft in the world! The massive Stratolaunch aircraft rolled out of the hangar for the first time last week.
by Stephanie Gehman
2