Air China to Buy 55 Aircraft from Airbus: China's Aircraft Demand Increases

Air China and its subsidiary Shenzhen Airlines will purchase a total of 55 aircraft from Airbus to expand their fleet capacity and upgrade to more fuel-efficient aircraft.

Air China announced on the Shanghai Stock Exchange that the company will order 15 A350-900 wide-body aircraft, while Shenzhen Airlines will purchase 40 A320neo family narrow-body aircraft under a separate agreement.

■Air China, will order 15 A350-900 wide-body aircraft from Airbus.

■Shenzhen Airlines, will purchase 40 A320neo family narrow-body aircraft.

■Delivery, will start in 2029.

■Below list price, will be below Airbus' listed price of $12.4 billion.

The company will finance aircraft purchases through a combination of its own capital, commercial bank loans and other financing methods.

Air China and Shenzhen Airlines will purchase the aircraft to expand their fleet capacity and upgrade to more fuel-efficient aircraft.