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China Eastern Cancels Boeing 787 Order

Boeing is losing a major customer for its new 787. China Eastern Airlines Corp. says it has canceled an order for 24 of the planes worth more than $3 billion at list prices. Instead, the Hong Kong-based airline will take 45 new Boeing 737s worth about the same amount. China Eastern also says it will buy 15 new Airbus A330s, worth about $2.

Boeing is losing a major customer for its new 787.

China Eastern Airlines Corp. says it has canceled an order for 24 of the planes worth more than $3 billion at list prices. Instead, the Hong Kong-based airline will take 45 new Boeing 737s worth about the same amount.

China Eastern also says it will buy 15 new Airbus A330s, worth about $2.5 billion at list prices.

Last month, Boeing finally delivered the first 787 to a customer, but it was three years late. The delays have forced airlines to revise their fleet plans and have cost Boeing goodwill with its airline customers.

Chicago-based Boeing Co. still has orders for about 800 of the 787s.

Boeing shares rose 92 cents, or 1.5 percent, to $62.70 in late morning trading Tuesday.