Air China inks deal for 24 Airbus A320 planes
Updated: 2006-06-17 09:51
Air China inked a deal with Airbus for buying 24 Airbus A320 planes, Shanghai
Securities News said on Friday.
Under the 1.744-billion-U.S. dollar deal signed between the two sides on
Thursday, the China national carrier will pay Airbus cash in installment.
The planes are expected to be delivered to China between 2007 and 2010.
Air China said the joining of the Airbus A320 airplanes will help upgrade its
carrying capacity and cement Beijing's position as a communication hub. It will
launch more domestic routes from Beijing, it said.
The report said the deal is part of the nearly 10 billion U.S. dollars
agreement signed by China Aviation Supplies Corp and Airbus last December.
The corp has ordered 150 Airbus A320 planes, which will be distributed to Air
China, China Eastern Airlines, Sichuan Airlines, China Southern Airlines,
Shenzhen and Hainan Airlines
The shares of Hong Kong-listed Air China closed at 2.925 Hong Kong dollars on
Thursday, up 2.632 percent.