SFGate: CR Airways in Preliminary Boeing Deal

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Tuesday, December 20, 2005 (AP)
CR Airways in Preliminary Boeing Deal



   (12-20) 03:59 PST HONG KONG, China (AP) --

   Hong Kong's CR Airways Ltd. signed a preliminary agreement to acquire 30
Boeing B737-800s and 10 B787 Dreamliners that could be delivered in the
next five years, the airline and aircraft maker said Tuesday.

   "This move will surely enable CR Airways to develop its air routes and
strengthen Hong Kong's airline industry," the carrier said in a
Chinese-language news release.

   The total list price for all the planes was about $3 billion, said Mark
Hooper, a Boeing Co. spokesman.

   The signed deal was an agreement stating the airline's intention to
acquire the planes, but the carrier did not say whether it would buy or
lease the jets.

   CR Airway's statement said that it planned to introduce the planes into
its fleet in the next five years.

   The small airline, founded in 2001, flies scheduled and chartered flights
to Southeast Asia and mainland China.

   Chicago-based Boeing touts the mid-range B787 as a more efficient,
slightly larger version of its 747 workhorse. -----------------------------=
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Copyright 2005 AP

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