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Two Chinese Companies Order 55 Airbus Aircraft Worth $12.4 Billion

Two Chinese Companies Order 55 Airbus Aircraft Worth $12.4 Billion

Two Chinese companies, Air China and Shenzhen Airlines, have agreed to purchase a total of 55 Airbus aircraft valued at approximately $12.44 billion, aimed at expanding and modernizing their fleets. The deal includes Air China's acquisition of 15 A350-900 aircraft valued at around $6.09 billion, while Shenzhen Airlines will purchase 40 A320neo family aircraft worth about $6.35 billion. Delivery is scheduled to begin in 2029 and continue through 2032, with the potential for significant discounts on the prices. Wide-body aircraft are typically used for long-haul international flights, reflecting the companies' plan to gradually increase their fleet capacity while retiring some older aircraft.

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