Boeing picks up more Asian orders

The American aerospace giant, along with European rival Airbus, announces dozens of new orders at the Hong Kong Air Show.

By TheStreet Staff Mar 9, 2011 1:46PM

Image: Airline (© Christie & Cole/Corbis)By Ted Reed, TheStreet

 

Nothing beats having an air show in the region with the fastest projected growth in commercial aviation.

 

The announcements of new orders for both Airbus and Boeing (BA) keep coming.

 

On Wednesday, Hong Kong's Cathay Pacific said it will buy fifteen A330s from Airbus and ten 777s from Boeing and will lease two A350s from International Lease Finance Corp.

 

"Our plan is to retire our 21 Boeing 747-400 and 11 Airbus A340-300 aircraft before the end of the decade as we take delivery progressively of new-generation aircraft," CEO Tony Tyler said.

Boeing also said Wednesday that the Russian carrier Aeroflot has ordered eight Boeing 777s. Six are 777-300ERs and two are 777-200ERs.

 

"These Boeing 777 airplanes will strengthen our network strategy, particularly the international growth opportunities we expect from our joint businesses with SkyTeam partners when servicing the 2014 Sochi Olympic Games and the 2018 FIFA World Cup," said Vitaly Saveliev, the general director of Aeroflot Russian Airlines.

 

To date, Boeing said, seven of the 12 SkyTeam members combined have ordered 141 versions of the 777.

Tuesday, Boeing announced an order for 33 737-800s from International Lease Finance Corp., the world's largest aircraft leasing company, which also said it will buy 100 aircraft in the Airbus A320 family. The company also canceled orders for ten A380s.

 

On Monday, Boeing reported orders from two Chinese carriers, Air China and Hong Kong Airlines.

 

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Mar 11, 2011 12:53PM
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No wonder God is thinking of ending the world. Huge disasters should be triggering immediate and consentrated humanitarian responses from everywhere, yet all some are thinking of is how to make money from the death and distruction. Save me a spot on cloud 9; it's a better place to sleep without guilt than on a pile of useless gold.
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