Saturday, March 1, 2014

China Eastern buying A320neos

China Eastern Airlines Corp., the nation's third-largest airline, ordered $6.4 billion single-aisle planes from Airbus Group to meet demand in a country set to become the world's biggest aircraft market. The 70 planes will be delivered between 2018 and 2020 and the final price is "significantly less than" the manufacturer's list price, China Eastern said in a statement to the Shanghai stock exchange. The airline is buying A320neos, the most fuel-efficient version of Airbus's single-aisle planes. (Source: Bloomberg, 02/28/14) Gulf Coast note: Airbus is building an A320 assembly line in Mobile, Ala.