Air China to buy 60 Airbus planes worth $9.5 billion
BEIJING, Dec 31 (Reuters) - China's flagship carrier Air China 601111.SS said on Tuesday it and a subsidiary had signed a pact with Airbus AIR.PA to buy 60 A320NEO jets in a deal worth about $9.5 billion at list prices.
The announcement is the latest in a string by carriers this week in the world's second-largest aviation market, such as Spring Airlines 601021.SS and Juneyao Airlines 603885.SS, which plan to buy Airbus jets.
The Air China planes will be delivered in batches from 2028 through 2032, it told the Shanghai Stock Exchange in a filing.
"We're very pleased that Air China has decided to order more Airbus A320-family aircraft," the planemaker said in a statement.
The purchase is part of a 2022 framework deal struck between China Aviation Supplies Holding Company (CASC) and Airbus, said Li Hanming, a U.S.-based independent aviation analyst.
That deal covered 132 A320-family aircraft and eight A350 widebodies, with a total value of about $17 billion.
"Negotiations for individual contracts take time," Li said.
Prolonged tension between Beijing and Washington has hampered Boeing's ability to secure new orders in China, giving Airbus an edge.
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