Manufacturing News

Chinese carrier buying 10 Boeing 787s

The contract worth $1.23 billion at list prices.

China Southern, one of the top three airlines in China, has ordered 10 Boeing 787 Dreamliner aircraft, worth $1.23 billion at list prices.

The first of the futuristic, more fuel-efficient passenger jets will be delivered in July 2008 ready for operation just before the 2008 Beijing Olympic Games and the last in 2010, China Daily said Thursday.

The new aircraft, which are said to use 20 percent less fuel than comparably sized passenger jets, are expected to lower the operation costs of the company and give it a competitive edge in foreign and domestic markets.

Earlier this month, Xiamen Air, in which China Southern owns 60 percent, signed contracts to buy three Boeing 787 aircraft.

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