Exact(9)
Some are directly related to the jet order, like a commitment by the Pratt & Whitney unit of United Technologies to build the engines in Polish factories.
The third is low-interest financing for the jet order by a United States government agency, with payments on the principal not due until after 2010.
Poland's defense minister, Jerzy Szmajdzinski, said the jet order and offset agreement would "bring an economic and technological stimulus for Poland and strengthen our links with the United States".
Working in Boeing's favor is the fact that South Korea had a $12 billion trade surplus with the United States last year, and a big jet order could help address the imbalance, as Washington is pressing Seoul to do.
"We have been evaluating for some time now; we think this would benefit China Airlines the most," Mr. Han said, ending months of speculation about the multibillion-dollar jet order.
The defense ministry has asked Lockheed and Boeing to bid on the $10.2 billion jet order, as well as Saab, which makes the Gripen fighter, and the European team building the Eurofighter jet.
Similar(50)
Airbus expects new jet orders of between 600 and 650 planes in 2012.
But new jet orders plunged to a net 271, with a book value of $30.3 billion.
Cathay was due to make a decision on a series of new jet orders this quarter.
At the Paris Air Show last week, Indian carriers placed a third of all new jet orders, a total of $23 billion.
Lion Air's latest deal follows a flurry of jet orders announced last week, totaling more than $30 billion at list prices.
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