The Associated Press has this story this morning on China Eastern Airlines dropping an order for 24 787s. In a separate story, Bloomberg reported that China Southern Airlines may drop its order for 10 787s because the planes, scheduled to be delivered at the end of the year, have now been delayed until July. Here’s the AP story
China Eastern Airlines Corp. says it has canceled an order for 24 of the planes worth more than $3 billion at list prices. Instead, the Hong Kong-based airline will take 45 new Boeing 737s worth about the same amount.
China Eastern also says it will buy 15 new Airbus A330s, worth about $2.5 billion at list prices. Few buyers pay list prices.
Last month, Boeing finally delivered the first 787 to a customer, but it was three years late. The delays have forced airlines to revise their fleet plans and have cost Boeing goodwill with its airline customers.
Chicago-based Boeing Co. still has orders for about 800 of the 787s.
Boeing shares rose 92 cents, or 1.5 percent, to $62.70 in late morning trading Tuesday.