150 737's for china!!

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China to Sign $9 Bln Order for 150 Boeing 737 Planes
Nov. 18 (Bloomberg) -- China is poised to buy 150 of Boeing Co.'s 737 aircraft, giving an order estimated at $9 billion that helps the world's second-largest maker of commercial planes surpass Airbus SAS in contracts for the first time in five years. China Aviation Supplies Import & Export Group, a state-owned company that buys planes for the nation's airlines, is scheduled to sign the order in Beijing on Sunday during a visit to the city by U.S. President George W. Bush, said Cui Yijun, an official at Hainan Airlines Co., declining to give details. ``This is a massive endorsement for Boeing in the most-hotly contested market worldwide,'' said Doug McVitie, managing director of Dinan, France-based Arran Aerospace, a forecasting company. ``This means Boeing takes the lead there now.'' McVitie worked earlier for Airbus in China. The bulk order may be the largest this year by China since a $7.2 billion purchase in January for 60 Boeing 787 planes, vaulting the Chicago-based manufacturer past Airbus in the world's fastest-growing aviation market. Chinese airlines may buy 2,293 planes valued at $183 billion in the next 20 years, as the 7.3 percent annual growth rate of air traffic beats the global average of 5.2 percent, according to estimates. ``China will need 2,600 planes in the next 20 years and the vast majority of them will be single-aisle planes'' like the 737, said Boeing's product and services marketing director Randy Tinseth, at a conference yesterday in Hong Kong. ``This will be the fastest-growing market'' because they are suited for flying regional routes, he said, without providing details of China's orders. Winning in China ``Airbus and Boeing are fighting hard and have invested heavily over the last 15 years'' because ``they see a great future for China,'' said Arran Aerospace's McVitie. Boeing has recorded orders for 122 planes valued at $11.7 billion this year in China, compared with 66 valued at $8.3 billion by Airbus, based in Toulouse, France. The 737 is the best-selling model of Chicago-based Boeing. The 737, which can carry between 110 and 189 people in standard three-class sitting arrangements, cost between $44 million and $74 million each, according to catalogue prices. The planes, which can fly up to 3,800 nautical miles (7,000 kilometers) are used for flying so-called medium-haul routes. It competes with Airbus' A320 model, which carries up to 150 seats in standard configurations and can fly a maximum distance of 3,700 nautical miles. The aircraft, using a single aisle to separate the seats, has a list price of between $62 million and $66.5 million. China's Orders ``Many Chinese airlines need to expand their fleet of narrow-body planes such as the 737,'' said Ren Houxiang, director of the Civil Aviation Administration of China's regulation office in Beijing, declining to give details. ``Purchase orders now are based on estimates of future capacity, which is insufficient to meet demand'' for air travel, he said. The Chinese government typically orders planes in bulk before distributing them to state-owned airlines. Chinese airline officials including Hainan Airline's Cui said they did not know how many planes they're getting. The airline bought eight Boeing 787 planes for $960 million on Jan. 28. At least 30 percent of orders to be signed on Sunday may have been announced earlier. Boeing's Hong Kong-based spokesman Mark Hooper and the company's Beijing-based spokesman George Liu declined to comment. Double Counting China Southern Airlines Corp., the country's largest carrier, ordered 30 Boeing 737-700 and 737-800 planes valued at $1.96 billion on April 29. The airline's spokesman Su Liang declined to say if the signing on Sunday includes previously announced orders. Xiamen Airlines, a carrier based in southeastern China, ordered 15 Boeing 737-800 planes valued at $1.04 billion on April 29 and the purchases may be included in Sunday's signing, officials said. Luo Zhuping, spokesman of China Eastern Airlines Co., the country's third-largest carrier, declined to comment. Rao Xinyu, head of investor relations at Beijing-based Air China said she isn't aware of the carrier ordering any 737 planes. China's airlines have ordered from Airbus and Boeing 188 planes valued at $20 billion as of Sept. 7 this year. U.S. Pressure The Chinese government, which has also been in talks with Airbus for the A320 planes, chose Boeing amid U.S. pressure for the country to let its currency strengthen against the dollar. China in July allowed the yuan to strengthen, ending more than a decade of fixed exchange rate. The yuan was unchanged at 8.0845 per dollar today. The order may also be in exchange for more cooperation between China and the U.S. on political issues such as less U.S. military support for Taiwan and lifting of restrictions on U.S. technology exports to China.
] http://www.bloomberg.com/apps/news?pid=10000080&sid=azZmWvnoHE0E&refer=asia
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That's an incredibly large order! Well done Boeing on getting this order! :)
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Yeh , but to be honest I'd rather it was Airbus. Orders for the A380 are running a bit thin on the ground in comparison to the 787, especially when the A380 will be in service far sooner.
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Why Are u comparing the a380 with the 787 they are 2 completely different aircraft meant for 2 completely different markets..the 787 has a larger market in terms of no . of airliners required in the world and costs about half as compared to the A380. It would be rather beneficial to compare the a350 to the 787.
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qte: The Chinese government typically orders planes in bulk before distributing them to state-owned airlines. Chinese airline officials including Hainan Airline's Cui said they did not know how many planes they're getting. The airline bought eight Boeing 787 planes for $960 million on Jan. 28. unqte Hilarious. Some years back I had to do a study for a Chinese airline that had been 'awarded' various aircraft by the government and they didn't know what to do with them. It would mean much more in terms of credibility if chinese airlines were able to order aircraft that they actually wanted rather than have the govt drop drop the airframes on then.
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Actually from what i hear the system is getting rather better as compared to the past.
Profile picture for user LBARULES

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The 737 continues to amaze me, its been around for such a long time, and still pulls in massive orders. Love to see Boeing doing well :).

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Well, I reckon the chinese airlines should count their blessings, I mean come on when you've got the chinese government negotiating costs for you your gonna get a good deal as both the US and EU will be desperate to keep china on side

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Good news for Boeing, with all these new orders coming in, but there existing orders are backing up if the machinists are still on strike. According to Airliner world, Boeing only delivered 6 planes last month, compared to 25-30 a month normally
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I think that problem would be sorted out sooner rather then later..Amazing that the 737 still has some 1000 aircraft on back order.

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Yeh , but to be honest I'd rather it was Airbus. Orders for the A380 are running a bit thin on the ground in comparison to the 787, especially when the A380 will be in service far sooner.
What the???????
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I'm not comparing the 787 to the A380, I'm just saying Airbus need more orders for their newer a/c.

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These 70 orders were for the 737 -- not the 787.
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As mentioned above by gmnstrunr37, the deal is actually for 70 737s valued at about $5 bil.
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yeah but it also included firming up of the older orders
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Why Are u comparing the a380 with the 787 they are 2 completely different aircraft meant for 2 completely different markets..the 787 has a larger market in terms of no . of airliners required in the world and costs about half as compared to the A380. It would be rather beneficial to compare the a350 to the 787.
gmnstruber37, I was responding to the above post.

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Yeh , but to be honest I'd rather it was Airbus. Orders for the A380 are running a bit thin on the ground in comparison to the 787, especially when the A380 will be in service far sooner.
You mentioned this post first, before bring_it_on posted his question. I'm confused, and don't think that pursuing this is helping the thread -- so let's shake hands and more on, eh? :)
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yeh lol :)
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Word is that the deal is for 70 737's and another one is being firmed up b/w china and boeing for an additional 80 aircraft. Not sure how accurate this report is however...
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So far most of the reports and rumours have proved to be true.