Boeing wins US$851m single-aisle jets order from Xiamen Air

Xiamen Airlines ordered 10 single-aisle jets worth about US$851m from Boeing as the carrier expands to meet demand. The company will buy 10 737-800 models valued at July 2014 prices. The aircraft will be delivered between 2017 and 2018. Boeing said separately that the order is worth $960m at current list prices. The latest order, which adds to Xiamen’s December announcement for 30 new generation 737Max planes, underscores the potential for growth in the world’s second-biggest economy as rising incomes make air travel more affordable. Asian leasing companies are also expanding fleets as the region is set to overtake the US as the world’s largest market for aircraft in 2 decades. President Xi Jinping signed an order for 300 jets worth $38b on a state visit to the US last year. <br/>
Bloomberg
http://www.bloomberg.com/news/articles/2016-04-26/boeing-wins-851-million-single-aisle-jets-order-from-xiamen-air
4/26/16