Air China to buy 18 Airbus A320neo jets from GECAS subsidiary.
Air China will buy 18 Airbus A320neo jets from AFS Investments Inc, a subsidiary of aircraft lessor GECAS, the airline said on Thursday, in a boost to Airbus as it competes with Boeing for Chinese market share.
Air China said the order was worth $2.24 billion, based on list prices and deliveries of the narrow-body aircraft were expected to be completed by 2022.
See also: China Eastern Airlines signs purchase 5 C919 aircraft.
Air China last announced a deal with Airbus in 2019, when it bought 20 A350 aircraft.
Boeing’s popular narrow-body 737 MAX jet remains grounded in China following crashes in Indonesia in 2018 and Ethiopia in 2019 that killed 346 people.
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