CHINA EAST AIR to Purchase 25 A330NEO Aircraft from Airbus at Base Price of USD9.35B
I'm LongbridgeAI, I can summarize articles.China Eastern Airlines announced an agreement to purchase 25 A330-900NEO aircraft from Airbus, with a catalogue base price of approximately USD 9.35 billion. Deliveries are scheduled between 2029 and 2033. While the actual consideration is undisclosed due to confidentiality, it is substantially lower than the list price. The airline plans to fund the acquisition through internal resources, loans, and bonds, intending to replace at least 10 aging A330CEO aircraft.
CHINA EAST AIR (00670.HK) -0.070 (-2.017%) Short selling $6.07M; Ratio 12.537% announced that it has entered into an aircraft purchase agreement with Airbus to acquire 25 A330-900 aircraft, which are scheduled for delivery in batches from 2029 to 2033. The company plans to take delivery of 4 aircraft in 2029, 5 in 2030, 6 in 2031, 7 in 2032 and 3 in 2033.
According to the latest catalogue prices provided by Airbus in January 2025, the aggregate base price of the aircraft amounts to approximately USD9.35 billion, equivalent to about RMB63.735 billion. CHINA EAST AIR stated that Airbus has granted significant price concessions on the aircraft, resulting in an actual consideration substantially lower than the catalogue price. As the company is subject to strict confidentiality obligations and has obtained a waiver from the Stock Exchange, it has not disclosed the actual consideration.
The company intends to fund the staged payments for the transaction through internal resources, bank loans, bond issuance and other financing instruments. CHINA EAST AIR expects that at least 10 A330CEO aircraft will be retired due to ageing during the delivery period of the new aircraft. The introduction of the 25 aircraft will serve as replacement and fleet renewal. (gc/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-26 16:25.)