Air China To Buy 60 Airbus A320NEO Series Aircraft To Increase Fleet Capacity
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Air China Limited has announced an agreement to purchase 60 Airbus A320NEO series aircraft for approximately $9.53 billion. The deal will be funded through self-owned cash, commercial bank loans, and other financing methods. This acquisition is expected to increase Air China's fleet capacity by about 6.5%, with deliveries scheduled from 2028 to 2032. Air China's stock is currently trading at $17.85 on the OTC Markets.
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