Boeing primed for $10billion boost


Business digest: American company agrees massive-money deal with Chinese airlines

LAST UPDATED AT 09:42 ON Wed 9 Mar 2011

American aerospace giant Boeing has won orders in excess of $10bn (£6.2bn) from two major Chinese airlines.

Hong Kong Airlines and Air China have agreed to purchase a total of 43 Boeing aircraft, including the 777 jet airliner and the new Boeing 787 Dreamliner. The deals were signed at the Asian Aerospace Conference in Hong Kong.

The deal is yet another display of China's growing financial muscle. Meanwhile, the Asia-Pacific region as a whole is set to order another 10,000 new passenger planes in the near future. These new deals will account for one-third of the world's total aircraft orders.

Wang Changshun, vice minister of the Civil Aviation Administration of China, said: "[China's aviation sector] will maintain a definite growth speed".

Read the full story at BBC News.

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