China Eastern places $1.94 billion order for 30 Boeing 737NGs

Shanghai: China Eastern Airlines (CEA) has placed orders with Boeing for 30 737NGs yesterday, according to a statement released by the Shanghai Stock Exchange.

Boeing has not revealed the specifics of the order, saying only that CEA "announced the selection of additional" aircraft and that it will issue a statement "when the order process is completed."

The deal will be worth CNY13.98 billion ($1.94 billion) at list prices, but CEA said it would pay less. It also said that though the order would increase its 94.3% debt ratio, it would not affect daily cash flow or profitability.

Deliveries of the aircraft would be made from July 2011 to November 2015.