China Eastern Airlines to buy another 100 C919 airplanes

[beijingwalker]

China Eastern Airlines to buy another 100 C919 airplanes​

FILE PHOTO: A Comac C919, China's first large passenger jet. REUTERS/Aly Song/File Photo


BEIJING : China Eastern Airlines signed a contract with aircraft manufacturer Commercial Aircraft Corporation of China (COMAC) to buy another 100 C919 airplanes, according to state broadcaster CCTV on Thursday.

The new China Eastern order is the largest order for the Chinese passenger plane, developed by COMAC to rival Airbus SE's A320neo and Boeing Co's 737 MAX single-aisle jet families.

The Shanghai-headquartered carrier is the first user of the C919 and has bought five of the jets, of which three have been delivered. The other two are expected to be delivered later this year.

GallopAir, a new Brunei-based airline, said in a statement last week that it had signed a letter of intent to purchase 30 aircraft from China, worth $2 billion in total. The deal includes 15 orders of COMAC's ARJ21 aircraft and 15 of the C919.

The state media said the new purchase of China Eastern will be delivered in batches from 2024 to 2031. In 2024, five aircraft are planned to be delivered, while ten are to be delivered each year from 2025 to 2027. From 2028 to 2030, 15 C919s will be delivered each year, and the last 20 jets will be delivered in 2031.

The size of the deal was not published on Thursday. China Eastern previously disclosed the aircraft's list price is $99 million.

China Eastern Airlines to buy 100 C919 planes, aircraft's largest ever order

BEIJING :China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).The state-owned carrier said it had received a...

www.channelnewsasia.com

 

[etylo]

Brunei's Gallop Air places $2 bln order for China-made C919, ARJ21 jets

GallopAir, a new Brunei-based airline, plans to buy 30 aircraft from Chinese planemaker Commercial Aircraft Corporation of China (COMAC), which will include the first overseas purchases of the state-backed firm's narrow-body C919 jet.

www.reuters.com

 

[beijingwalker]

China Eastern Airlines just made the biggest C919 order ever, for 100 planes​

By Reuters
Published 10:48 PM EDT, Thu September 28, 2023

China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).

The state-owned carrier said it had received a “substantial discount” for the deal and that the planes will be delivered in batches from 2024 to 2031. The list price for the C919 is $99 million but aircraft can be sold at discounts of up to 50%, especially for new models.

The deal comes five months after the Chinese passenger plane, developed by state-owned COMAC to rival Airbus’ A320neo and Boeing’s (BA) 737 MAX single-aisle jet families, took its first flight in May with China Eastern.

The Shanghai-headquartered, state-owned carrier is the first user of the C919 and has bought five of the jets, of which three have been delivered. The other two are expected to be delivered later this year.

Boeing is still waiting to resume deliveries of its bestselling 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. The company has been all but shut out of new orders from Chinese carriers since 2017 amid rising political and trade tensions between Beijing and Washington.

Li Hanming, an independent aviation industry analyst, said the deal stemmed from a previous order of intent.

“It is announced at the one year anniversary of C919’s receiving its type certificate,” Li said.

“COMAC has made a good start in the delivery of C919 so far. Next, the plane manufacturer will cooperate with China Eastern more closely, to show other potential users the reliability and performance of C919.”

China Eastern said that the additional planes would add to its fleet at a time when air travel is seeing a strong recovery following three years of Covid curbs, and as the airline needs to retire a large number of its narrow-body aircraft due to their age.

The airline said it would pay for the purchase in installments via its own funds, bank loans and bond issuance.

China Eastern will get delivery of five aircraft in 2024, while ten are to be delivered each year from 2025 to 2027. From 2028 to 2030, 15 C919s will be delivered each year, and the last 20 jets will be delivered in 2031.

Last week, GallopAir, a new Brunei-based airline, said it had signed a letter of intent to purchase 30 aircraft from China, worth $2 billion in total. The deal includes 15 orders of COMAC’s ARJ21 aircraft and 15 of the C919.

https://edition.cnn.com/2023/09/28/business/china-eastern-airlines-c919-plane-order-intl-hnk/index.html