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Hong Kong's CR Airways Buys 40 New Boeing Planes

Hong Kong's charter carrier, CR Airways, has purchased 40 Boeing planes in a deal worth more than $3 billion.

The carrier Tuesday said it bought 30 Boeing 737-800 airliners and 10 Boeing 787s in order to expand its services in China and Asia.

The deal is the latest in a series of recent boosts for the American manufacturer.

Earlier this month, Hong Kong flag carrier Cathay Pacific bought more than 30 Boeing aircraft in a nearly $3-billion deal.

And in November, China said it plans to buy 70 Boeing 737 airliners in a deal worth $4 billion.

Some information for this report provided by AFP, AP and Reuters.