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Chinese state airlines to buy almost 300 Airbus jets

02 July 2022 07:15 (UTC +04:00)

China’s “Big Three” state airlines pledged on Friday to buy a total of almost 300 Airbus jets, the biggest order by Chinese carriers since the start of the COVID-19 pandemic and a breakthrough for Europe as Boeing remains partially frozen out of China, APA reports citing CNBC.

In apparently coordinated announcements, Air China and China Southern Airlines said they would each buy 96 A320neo-family jets worth $12.2 billion at list prices. China Eastern Airlines said it would buy 100 airplanes of the same type, worth $12.8 billion.

Airlines typically receive substantial discounts to list prices and China Eastern said these were larger than usual.