Taiwan’s China Airlines Ltd said on Tuesday it would buy 16 Boeing Co 787 wide-body planes to replace its aging fleet of Airbus A330s following a widely watched contest held against the backdrop of regional tensions.
The politically sensitive deal worth $4.6 billion at list prices was announced by the government-backed carrier weeks after a visit to Taipei by U.S. House of Representatives Speaker Nancy Pelosi angered the Chinese regime and stoked Sino-U.S. trade tensions.
