Air China Limited (AIRYY.PK) and AIE, Tuesday announced Air China Aircraft Purchase Agreement to purchase 60 Airbus A320NEO series aircraft from Airbus company (EADSY.PK).
According to the deal, the list price of the Airbus Aircraft is about $9.53 billion, which is equivalent to approximately HK$74.1 billion, which will be paid in cash in installments.
The company intends to fund the deal through self-owned cash, commercial bank loans and other financing methods.
With this deal, the Group expects to increase its fleet capacity by approximately 6.5 percent, which is consistent with its development and market strategy.
The deliveries will take place in stages from 2028 to 2032.
Air China's stock is trading at $17.85 on the OTC Markets.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.