By Martin Mou

Air China (601111.SH) has agreed to buy 20 A350-900 jets from Airbus SE (EADSY), the Chinese airline said Thursday.

Air China is expected to take delivery of the 20 wide-body jets between 2020 and 2022.

The 20 aircraft would cost a total of $6.54 billion at list price, but discounts of 30%-40% on list prices are common in the industry, and Air China said it would be getting a discount on the list price.

Write to Martin Mou at martin.mou@wsj.com

(END) Dow Jones Newswires

July 11, 2019 06:00 ET (10:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Air China (PK) (USOTC:AIRYY)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Air China (PK) Charts.
Air China (PK) (USOTC:AIRYY)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Air China (PK) Charts.