The Shunyi District-based airline recently took the headlines from the recent deal they concluded with U.S, based aeronautical giant Boeing (NYSE:BA). According to recent news and reports, Okay Airways was reported to have bought a total of 5 new jets.
Recently, China also took the spotlight as Alibaba’s online shopping platform, Taobao, managed to auction off two Boeing airbuses. This is a great overall milestone for Alibaba (NYSE:BABA) and the whole online shopping platform itself because making viable airplane sales on the platform means that more alluring and fascinating deals await in the future.
Deal Details
According to the recent news and reports, China’s privately owned airline managed to order five 787-9 Dreamliner at Boeing, and reports also revealed that both companies have already sealed the deal which was estimated to be at a whopping $1.4 billion. More details show that the deal was signed off in the United States and that the negotiations were started as early as Wednesday.
Okay, Airways President Li Zongling recently said on a local interview that "We are committed to investing in our aircraft fleet in order to keep growing ahead of the market and enhancing our customers' flying experience," Zongling also added the new planes will fortify the company’s future plans to enlarge their market.
This is the second time that Okay Airways and Boeing met, the first time was traced way back in June this year were preliminary agreements and undertaking were discussed. The airlines’ request back then was 15 medium-sized 737 MAX planes at a whopping $1.8 billion price tag.
Currently, Okay Airways is managing a fleet of 26 single-corridors Boeing 737 planes; the planes’ current itineraries are reported to be at a whopping 7 flights at local destinations from China and some more destinations elsewhere in Asia.
Taobao’s Airbus Sales
Alibaba’s online shopping platform Taobao recently grabbed the attention of the whole world as it manages to auction two planes, and not just simple planes but two whopping Boeing 747 jumbo jets. Reports revealed that both of the jets were auctioned off by 320 million yuan or a whopping $48 million, and the highest was a local Chinese carrier SF Airlines.
The online auction came about when a total of six auctions failed to guarantee the jets’ sales. The planes were formerly from the local company Jade Cargo International which filed for bankruptcy last September of 2013.