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China Eastern Airlines inks deal with Airbus, Boeing

(China Economic Net)

15:20, October 18, 2011

Edited and Translated by Han Shasha, People's Daily Online

On Oct. 17, China Eastern Airlines signed agreements with aircraft manufacturers Airbus and Boeing to buy a total of 60 aircraft over the next five years.

According to the agreement, China Eastern Airlines will spend 2.5 billion U.S. dollars to buy 15 Airbus A330 jetliners and dispose of five A340-300 jetliners. The 15 Airbus A330s are due to be delivered over a time period spanning from 2013 to 2015.

The airliner has terminated an order for 24 Boeing 787 airplanes due to delivery delays and will instead purchase 45 new Boeing 737 aircraft worth 3.3 billion U.S. dollars. And these 45 airplanes will be delivered to the airline from 2014 to 2016.

China Eastern Airlines said that the purchase aims to meet growing demand in the booming Chinese air travel market. All payments for the orders will be made in U.S.-dollar-denominated installments.

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