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





 
 

 

Surprising and Delighting NYC’s Finest

On Monday morning, JetBlue Airways unveiled their newest aircraft to wear a special livery. Blue Finest honors the NYPD.
by Stephanie Gehman
0

 
 

PHOTOS: Checking Out The Performers At The MCAS Beaufort Airshow

Correspondent David Lilienthal visited the MCAS Beaufort Airshow last weekend and shares his photos with us.
by David Lilienthal
0

 

 

Overbooking, Bumping, Removal, Regional Airlines, and Your Rights

After United appeared in the news for the "dragging" removal of a passenger, many are asking what bumping, overbooking and passenger rights are.
by Phil Derner Jr.
2

 
 

Alaska Airlines Announces Three New Transcon Routes

Alaska Air has announced 3 new transcon routes that will use both their own and Virgin America aircraft.
by NYCAviation Staff
0

 
 

The Numbers Are In: U.S. Sets Records in 2016 for Most Airline Passengers and Safety

Last year's record of 900+ million passengers in the U.S. shows not only higher traffic, but an equally impressive safety record.
by Phil Derner Jr.
0