Boeing Co. (NYSE: BA) has confirmed that China Eastern Airlines Ltd. (NYSE: CEA) has cancelled its previous order for 24 of Boeing’s 787 Dreamliner aircraft, replacing the order with another for 45 of the maker’s venerable 737s. Air New Zealand placed an order for 2 new 787s.
The 787 has recently been bothered with a de-lamination problem on its carbon fiber skin. Boeing reports that a net 15 orders for the new planes have been placed since the beginning of the year. The company took orders for 45 Dreamliners last year.
All told, Boeing has taken orders for 434 planes since January 1st, of which 406 remain on the books. Of the 28 cancelled orders, 24 were orders for Dreamliners. The 787-8 carries a list price of $193.5 million compared with a list price of $101.7 million for the 737 MAX 9, the most expensive model of the 737 family. The order change from China Eastern Airlines would cost Boeing about $500 million in revenue at these prices.
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.