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China's Hainan Airlines to buy 19 Boeing jets for US$4.2b

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Published Mon, May 22, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Shanghai

CHINA'S Hainan Airlines, which has poured billions of dollars into overseas acquisitions, announced plans on Monday to buy 19 Boeing aircraft for US$4.2 billion to help meet Chinese consumers' skyrocketing demand for travel.

The company said in a statement to Shanghai's stock exchange that it would buy 13 Boeing 787-9 passenger jets and six 737-8s, citing the continued "rapid growth" in China's travel market and the rising income of its people as reasons for its move.

Boeing

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