The company said in a statement to Shanghai's stock exchange that it would buy 13 Boeing 787-9 passenger jets and six 737-8s, citing the continued "rapid growth" in China's travel market as incomes rise.
The construction will consist of two parts - a Boeing 737 completion centre and the delivery centre. It is scheduled to be completed next year.
The grounding comes days before Boeing was due to deliver its first 737 MAX to an airline, and marks a high-profile delay in a programme that Boeing had said was ahead of schedule.
Weeks after delivering its first A321neo, upgraded with new engines, the planemaker has already begun talking to suppliers about enhanced versions called A321neo-plus and, most recently, A321neo-plus-plus, people familiar with the matter said.
As long as oil prices don't go much higher than around $70 per barrel, the 20-hour flight can be financially viable, and could be on schedules within five years, aviation experts say.
Boeing is set to break ground on its first overseas plane factory by the end of this month, and will aim to deliver 100 planes per year, with the initial batch expected in 2018, Chinese state media reported.
The government-owned Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund acquisition of four Boeing 787 planes.
Airbus is likely to give a detailed presentation on the performance of its wide-body products including A350 to Air India on March 8.
SpiceJet will operate daily direct flight to Dhaka from Kolkata, starting from March 23, as part of expansion of its international services.
In a letter to the Congressional leadership of both the Republican and Democratic parties, the executives from companies like Boeing, General Electric, Oracle and Pfizer supported the comprehensive tax reform, which would end the 'Made in America' tax on domestic production.
The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document.
Speaking on the sidelines of Aero India 2017, Dinesh Keskar Senior VP Sales-Apac & India of Boeing said to CNBC-TV18 that India is the largest growth market in the world. He expects India's aviation market to grow at a rate of 10 percent in the next 10 years.
M&M and Boeing are in talks to plan to jointly manufacture twin-engine fighter aircraft in India if Boeing wins the bidding process for the defence sector. The two companies may expand their existing partnership in India to manufacture the F/A-18 Super Hornet fighter jets for the Indian Air Force, people privy to the developments told CNBC-TV18.
Boeing today announced establishment of Boeing Defence India (BDI), a local operating entity, that will support the company's future growth objectives in the country in services and support, sales and marketing, sourcing, manufacturing and engineering.
On Wednesday, Airbus retained the top spot when it said it had recorded a total of 731 net orders for 2016, beating Boeing's tally of 668 for the year released a week ago.
The chief of US aerospace giant Lockheed Martin met today with Donald Trump, promising to create thousands of jobs and bring down costs of the stealth fighter the president-elect lambasted.
In one of the biggest deals in the Indian aviation sector, SpiceJet will purchase up to 205 new aircraft from Boeing with the order valued at Rs 1,50,000 crore.
With fuel burn at 20 percent less than the existing fleet, the new airplane range will help reduce costs, said Ajay Singh, CMD of SpiceJet. The low-cost carrier, on January 13, announced a mammoth deal worth Rs 1,50,000 crore to purchase 205 aircraft from the US-based aircraft maker Boeing.
The stock has seen a steady recovery ever since chairman Ajay Singh's return in 2015. In fact, the scrip has risen around 16% in the past 15 days.
After long drawn discussions, SpiceJet is all set to announce an order for 90-100 new aircraft estimated to be worth at least Rs 55,000 crore as the no-frills carrier looks to expand its fleet.
Confirming an estimate published by Reuters, the European planemaker said on Wednesday it delivered 688 aircraft in 2016, compared with an official company forecast of more than 650 and a goal set by its finance director of more than 670.
Prime Minister Narendra Modi will inaugurate today the eighth edition of Vibrant Gujarat Global Summit (VGGS), that will be attended by Fortune 500 CEOs, including John Chambers of Cisco and Boeing's Bertrand Marc Allen.
Private carrier Jet Airways today announced the deployment of higher seating capacity aircraft on two domestic and an equal number of international routes from early next year amid growing passenger demand.
Boeing Co's commercial airplane unit said on Monday it would cut an as-yet undetermined number of jobs in 2017 after slashing its workforce by 8 percent in 2016, as it struggles to sell planes in the face of a strong dollar.
The announcement followed the manufacturer's clinching of a USD 17 billion dollar deal on Sunday to sell 80 jetliners, including the 777, to Iran, the first such agreement between a major US company and the Islamic Republic.