Good News for Boeing, 757 order


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Shanghai Airlines orders five Boeing 757-200s
By The Associated Press

SEATTLE — Shanghai Airlines has ordered five Boeing 757-200s, the first order for 757s since 2001, Boeing Commercial Airplanes announced today.
Total cost of the planes ordered by the Chinese local carrier is about $410 million at list prices, according to a news release, but airlines often negotiate discounts.
None of the orders had been posted on Boeing's Web site as of this morning, nor do any reflect deferred or canceled orders by other airlines, spokesman Bob Saling said in a telephone interview.
"These are brand new orders," Saling said.
Three of the orders are for delivery in the first half of next year and the other two are for the spring of 2005.
Shanghai's fleet now includes 11 new generation 737s, seven 757-200s and five 767-300s for use on 54 routes within China and five to other countries and areas in Asia.
The two-year dry spell in orders for the two-engine 757 has led to concern for the future of the production line in Renton.
In July, Continental Airlines said it was negotiating with Boeing over the "terms of delivery" of 11 757s the U.S. carrier had ordered for delivery in 2004 and 2005. At that point the backlog of 757s was down to 18, the lowest ever.
Neither Continental nor Boeing would say what the negotiations covered, but terms can include pricing and delivery dates.
Boeing has sold more than 1,000 757s since production began in 1983.