China Eastern

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China Eastern cancels Boeing 787 order

China Eastern Airlines has announced that it would be cancelling its order for 24 Boeing 787s and instead order 45 Boeing 737 variants, the airline has cited extended delivery delays for the cancellation. In addition the carrier plans to order 15 Airbus A330 aircraft which will be delivered between 2013 and 2015, it also intends to sell its 5 Airbus A340-300s back to Airbus in 2012. China Eastern’s Boeing 787 order book for the 787-8 variant consisted of 15 orders for the parent carrier, and 9 orders for China Eastern’s subsidiary Shanghai Airlines. The airline’s 737 order is valued at $3.3 billion at list prices.The new aircraft are expected to be delivered to the airline starting 2014 and until 2016. Given that China Eastern’s latest…

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