Boeing inks $1.3B deal with Ethiopians

DUBAI, United Arab Emirates — Boeing Co. officials signed a $1.3 billion deal on Tuesday to sell four 777 freighters to Ethiopian Airlines.

Chicago-based Boeing and Ethiopian, Africa’s largest cargo operator, made the announcement at the biennial Dubai Air Show, which continues through Thursday.

Boeing 777 freighters have a list price of $325.7 million. However, airlines and manufacturers typically negotiate discounts on such deals.