Boeing and Shanghai based private airline, Juneyao Airlines, announced the finalization of an order for five 787-9 Dreamliners on Friday.
According to Boeing China, the order is valued at $1.3 billion at current list prices. It includes an option for Juneyao to buy five more 787-9s.
It is also the private airline's first Boeing order and first widebody airplane order.
According to Boeing, the 787-9 Dreamliner will deliver unmatched fuel efficiency to Juneyao Airlines, keeping the carrier competitive in the challenging economic environment.
To date, the 787-9 has accumulated more than 635 orders from customers worldwide.
More than 120 orders for the Dreamliners family planes have yet come from airlines in China. Twenty-six of them are for the 787-8, and 97 for 787-9 planes.
The 787-9 leverages the visionary design of the 787-8, offering passengers with large and dimmable windows, large stow bins, modern LED lighting, higher humidity, a lower cabin altitude, cleaner air and a smoother ride.
Juneyao Airlines, one of China's largest private carriers, operates more than 80 domestic routes and short-haul international flights to neighboring countries such as Japan, the Republic of Korea and Thailand.
The carrier plans to open new routes to North America, Europe and Australia by 2020.