Stock Groups

Exports booming, Taiwan’s China Airlines orders 4 more Boeing freighters -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – Passenger Jets from Taiwan’s China Airlines, Taipei Songshan Airport, Taipei (Taipei), June 8, 2020. REUTERS/Ann Wang

TAIPEI (Reuters) – Taiwan’s China Airlines Ltd stated on Thursday that it had authorized the purchase of four Boeing (NYSE 🙂 Co 777F freighters. The order was in addition to the six already placed.

According to a statement, the aircraft will start deliveries in 2023. The first three of six aircraft ordered have arrived.

China Airlines is Taiwan’s biggest carrier, and also the fifth-largest air cargo operator in the world. It operates 18 747 freighters.

Tech powerhouse Taiwan, a major semiconductor manufacturer, has benefited from demand for tablets, laptops and other gadgets during the work-and-study-from-home trend during the COVID-19 pandemic.

Taiwan’s 2021 exports grew 29.4%, a new record.

Boeing announced this week that it plans to double its production of 777/777X aircraft to three per month by 2022, up from the two currently. This is due to increased orders for 777 freighters and booming air cargo demand. The company reiterated its plans to ship the first 777X by late 2023.

China Airlines has 10 long-haul passenger jets 777-300 that it operates.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]