Government and Policy Foreign and Military Affairs Society Economy Odd News China Face

Air China to buy 20 Airbus planes for $4.49b

Updated: 2010-11-18 22:10

(Xinhua)

Comments

Mail

Large Medium Small

HONG KONG - Air China, the country's leading carrier, said late Thursday that it would pay $4.49 billion to buy 20 Airbus planes.

In a statement filed to the Hong Kong stock exchange, the Beijing-based carrier said Air China and its import agent AIE had entered into the agreement with Airbus to purchase 10 Airbus 330- series aircraft and 10 Airbus 350-series aircraft.

The aircraft price is subject to price escalation by applying a formula. Airbus has granted to Air China significant price concessions with regard to the Airbus planes, according to the statement.

Air China is expecting to take delivery of 10 Airbus 330-series aircraft in stages from 2013 to 2015 and 10 Airbus 350-series in stages from 2018 to 2020, it said.

Paper's Digest

China bags Asiad team tennis title after 24 yrs

Wimbledon semifinalist Li Na led host China to capture the team tennis title on Tuesday at the Asian Games, accomplishing her Asiad tour with three consecutive victories.

China rate rises no panacea to curb inflation: PBOC adviser

Specials

Russian possessed with TCM

Born into a family of doctors, Maxime became interested in Traditional Chinese Medicine (TCM) at the age of 12, after hearing about TCM theories such as health preservation and recuperation.

Acupuncture takes stab at UNESCO list

Acupuncture and Peking Opera have been selected as candidates for UNESCO intangible cultural heritage status.

The wedding coach comes back to life

A groom carries his bride from a wedding coach in Xuchang, Henan province, Nov 11, 2010. Produced a local factory, various original hand-made wedding carriages were displayed on the streets, attracting young people chasing fashion and an environment-friendly lifestyle.