China Eastern Places $1.74 Bln Order for Airbus Jets
June 27 (Bloomberg) -- China Eastern Airlines Corp., the nation's third-largest carrier, ordered 30 Airbus SAS A320 series planes valued at $1.74 billion to expand its domestic and regional services. The aircraft, comprising A319s and A320s, will be delivered between 2008 and 2010, Shanghai-based China Eastern said in a statement today. The value of the contract is based on list prices and doesn't include the discounts that plane makers often give to customers.
China Eastern and the nation's other airlines are expanding their fleets as economic growth increases demand for air travel. Airbus, the world's largest commercial plane maker, forecasts that Chinese carriers will buy 1,790 planes valued at $230 billion by 2023.
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