Boeing Wins $3.8 Billion 737 Order Amid China Travel Boom
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Boeing Co. will sell 50 single-aisle 737 jets with a list value of at least $3.8 billion to a discount carrier being set up by China’s Juneyao Airlines Co. as the government eases controls on low-cost travel.
The purchase by Juneyao’s 9 Air subsidiary will consist of planes from the 737 Next Generation family and the upgraded Max, Boeing said in an e-mailed statement without giving a breakdown. That would value the deal at $3.8 billion to $5.5 billion based on retail prices. Buyers typically pay less than the sticker.