China’s Juneyao Airlines has placed a $1.32bn order with Boeing to buy five 787-9 Dreamliners.

Valued according to current list prices, the newly placed order also includes options for five more 787-9s.

Once delivered, Juneyao Airlines is planning to deploy the 787-9s on new routes to North America, Europe and Australia by 2020.

Juneyao Airlines chairman Wang Junjin said: “Our strategic vision is to develop into an international airline that provides high-quality service with an extended network, while ensuring excellent profitability.

“Today's order is set to play a key role in our growing business in the years to come, and we look forward to continuing our relationship with Boeing into the future.”

The airline currently operates domestic routes and short-haul international flights to neighbouring countries such as Japan, South Korea and Thailand.

“Today's order is set to play a key role in our growing business in the years to come."

Boeing Commercial Airplanes North-East Asia sales vice-president Rick Anderson said: “This order is an endorsement of their confidence in the 787 Dreamliner, which is the first choice for many single-aisle operators to start wide-body operations.”

Incorporating Boeing’s 787-8 aircraft design, the 787-9 Dreamliner provides improved fuel efficiency to its operators.

Boeing recently announced Singapore Airlines’ intent to purchase 20 777-9s and 19 787-10 Dreamliners.

As part of the order, the carrier also recommitted it previous order for 30 787-10 aircraft.

Image: A Juneyao Airlines flight. Photo: courtesy of Boeing.