China China Eastern Airlines: Buy 100 A320neo series aircraft from Airbus

On July 4, Capital State learned that China China China China Eastern Airlines (600115.SH) announced that the company and Airbus signed the "Buy 100 A320NEO Series Aircraft Agreement" in Shanghai, China, and purchased 100 A320neo series from Airbus companies to Airbus Company The total price of the aircraft was about $ 12.796 billion.

The above 100 planes are planned to be delivered in batches from 2024 to 2027. Among them, 28 plans were planned in 2024, 31 were planned in 2025, 34 were planned in 2026, and 7 were planned to be delivered in 2027.

The company estimates that about 68 A320 series aircraft will be withdrawn during the delivery of the aircraft (2024-2027) due to the exit of the lease due, and some companies will also withdraw due to factors such as machine age. Therefore The 100 aircraft purchased will be partially partial to replace the existing model.

The transaction agreement is determined by the company and the Airbus in accordance with the principle of fairness in accordance with the common business and industry practice. Airbus provides a large price discount to the company. Therefore, the actual price of these aircraft is significantly lower than the above basic prices, and the company confirms the price discounts obtained in this transaction fairly and reasonable. Airbus purchases the prices obtained in the Airbus aircraft is better. The company also believes that the price discount of this exchange has no significant impact on the company's overall operating cost in the future.

With my country's per capita income growth and the increase in the size of the middle class, the Chinese aviation market will still maintain a long -term good trend. According to the "Fourteenth Five -Year Plan" Civil Aviation Development Plan released by the Civil Aviation Administration of my country, it is expected that by 2025, the per capita residents of our country will be. The number of annual flights has increased 0.47 in 2019 to 0.67 times, and the growth potential of the Chinese aviation market is still huge.

The company's directors believe that the purchase of aircraft transactions this time is reached by general business and industry practices, which is conducive to the company to further optimize the structure of the fleet, supplement the narrow body capacity, improve the route network, and improve the passenger's opportunity experience. The interests of the company's strategy and all shareholders.

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