Boeing Buys 5 Airbus A340's In Weird Deal To Sell 20 of its 777's To China Eastern Airlines
Submitted by News Desk 2 on Wed, 05/02/2012 - 11:59
Seattle, WA -
Boeing has announced a deal to buy five Airbus A340's from China Eastern in a deal that, pending Chinese government approval, will add 20 more 777 aircraft sales to its books.
China Eastern had said that it wanted to get rid of the A340's because they were not cost effective and needed room for newer aircraft and to seal the deal, Boeing agreed to buy the five airplanes from Chin Eastern and will presumably sell them at a later time.