'China's Shenzhen Airlines to buy 46 Boeing planes'

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AFP Beijing
Last Updated : Jun 03 2015 | 4:48 PM IST
China's Shenzhen Airlines will buy 46 Boeing planes from the 737 family, in a deal valued at USD 4.3 billion in list prices, its parent company Air China said in a statement today.
The airline, based in the southern city of Shenzhen, will take delivery of the planes from 2016 to 2020, said the statement to the Shanghai stock exchange, where Air China is listed.
Shenzhen Airlines owns a fleet of more than 100 passenger and cargo aircraft including Boeing 747s and 737s, as well as Airbus 320s and 319s, according to its website.
The statement did not specify which variants of the single-aisle 737 the airline would purchase, but it said the company expected a discount from list prices.
The price of a jet in the 737 family ranges from USD 78.3 million to USD 113.3 million, Bloomberg News reported.
Boeing says its new 737 Max delivers eight percent lower operating costs than its main competitor, according to its website.
Last year, Boeing forecast Chinese carriers will need nearly 6,000 new planes valued at $780 billion over the next 20 years, accounting for around 16 percent of world demand and nearly half of Asia's.

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First Published: Jun 03 2015 | 4:48 PM IST

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