News Snapshot:
March 19, 2021 Air China ©AirTeamImages While the Boeing 737MAX remains grounded in China, 18 Airbus A320neos have been purchased by Air China from AFS Investments Inc, a subsidiary of aircraft lessor GECAS. This is a major boost for Airbus in its efforts to compete against COMAC and its soon-to-be-certified C919 narrow-body passenger jet. Based on list prices, the order is worth approximately US$2.24 billion, with deliveries expected to be completed by the end of 2022. Air China commented that an attractive exchange rate and low financing costs had been major factors when agreeing the purchase, while this is the...
