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| Name | Symbol | Market | Type |
|---|---|---|---|
| Air China Limited (PK) | USOTC:AIRYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.915 | 8.45 | 9.65 | 4 | 21:02:30 |
From Aug 2019 to Aug 2024
(Rewrites, adds detail.)
By Simon Zekaria
LONDON--Air China Ltd. (AIRYY) Thursday said Shenzhen Airlines is buying 46 737 planes from U.S. aerospace giant Boeing Co. (BA) for $4.3 billion, as China's flagship airline adds to its fleet amid rising demand for regional carriers across the country's booming travel market.
The airline will take delivery of the aircraft between 2016 and 2020, Shenzhen Airlines' parent company Air China said in a statement, without providing more details on the order.
The transaction with the U.S. aerospace giant, paid in cash installments, will be funded through cash generated from Shenzhen Airlines' business operations, commercial bank loans and other financing instruments, Air China said. It added the deal isn't expected to have a material impact on the cash flow and operation of the group.
The order will increase Shenzhen Airlines' capacity by 6% from the end of 2014, said Air China.
Write to Simon Zekaria at simon.zekaria@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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