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00:02Air China and Shenzhen Airlines agreed to buy 55 Airbus aircraft with a combined list price of
00:08$12.4 billion, according to CNBC. Air China will purchase 15 A350 900 wide-body jets valued at
00:17$6.9 billion, with deliveries scheduled from 2030 through 2032. Shenzhen Airlines will buy 40 A320
00:24Niniwe-Ineo family aircraft valued at $6.35 billion for delivery between 2029 and 2032.
00:32Air China said the final transaction prices will be lower after discounts. The airlines will fund
00:38the purchases through internal funds, commercial bank loans, and other financing arrangements.
00:43Air China said the aircraft will expand capacity, modernize its fleet, improve operational efficiency,
00:49and reduce costs as Chinese carriers continue rebuilding their fleets following the pandemic.
00:54For all things money, visit Benzinga.com.
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