Feb 28 China Eastern Airlines Corp Ltd
has ordered 70 A320neo aircraft, marking a
big victory for Airbus, which has been actively
marketing the upgraded variant of its popular A320 jet to
It is the first order by a Chinese airline for the plane.
The European aircraft maker has been in discussion with Chinese
carriers to sell hundreds of A320neos, company China president
Eric Chen had told media last September.
The $6.37 billion deal will also help boost the
competitiveness of the China Eastern, one of the country's top
three airlines, by increasing its capacity by about 13 percent,
the carrier said in a stock exchange filing on Friday.
The aircraft are scheduled to be delivered from 2018 to 2020
and will be used to service short and medium routes, China
China Eastern also said it signed a separate deal with
Airbus to sell back seven used A300-600 jets.
Airbus, which expects China to overtake the United States as
the world's largest domestic market by 2032, has invested
heavily in the country. It manufactures the existing variants of
the A320 at a factory in Tianjin.