Bloomberg: Boeing wins $3.8B 737 order amid China travel boom

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (BA) will sell 50 737 aircraft worth at least $3.8B to a low-cost carrier being set up by China's Juneyao Airlines, as a loosening of government controls on low-cost travel stokes demand expectations, Bloomberg reports.

The order by Juneyao’s 9 Air subsidiary will include next-generation models of the 737 and 737 Max, which list for $76M-$110M each and equating to a price tag of $3.8B-$5.5B on the order.

Boeing has said it will deliver ~140 aircraft to China this year after a record 143 planes last year.