China Eastern Airlines has ordered 70 Airbus A320neo aircraft, making the Shanghai-based carrier the first Chinese airline to order the type. According to a filing released by China Eastern through the Shanghai Stock Exchange, the deal is worth $6.37 billion at current list prices.
The aircraft are scheduled to be delivered from 2018 to 2020 and will be operated on short- and medium-haul routes.
The deal, which still needs Chinese government approval, would enhance the carrier’s competitiveness by increasing its capacity by about 12.7%.
Separately, China Eastern also said it signed a deal with Airbus to sell back seven used A300-600s that would be phased out in 2014.