The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

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

Published Mon, May 22, 2017 · 09:50 PM
Share this article.

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here