Four Chinese airlines to buy a total of 292 planes from Airbus

AIRLIVE
1 Min Read

The orders come after a bumper year for Airbus, which posted record profits in 2021 after a two-year pandemic slump, giving the company a further boost over US rival Boeing.

Four Chinese airlines said they will buy a total of 292 planes from Airbus in a US$37 billion (S$52 billion) windfall for the aviation giant, as the industry rebuilds after the coronavirus pandemic.

China Eastern said on Friday it had agreed to purchase 100 A320neo jets and China Southern said on the same day that it would buy 96 of the same model.

Air China and its subsidiary Shenzhen Airlines also confirmed the purchase of a combined 96 A320neo planes, according to separate filings.

Airbus said in a statement on Friday that the deals showed “the positive recovery momentum and prosperous outlook for the Chinese aviation market”.

It said the deals “brought to conclusion these long and extensive discussions that have taken place throughout the difficult Covid pandemic”.

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