Chinese airline buying 16 Airbus planes

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Chinese airline buying 16 Airbus planes

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China Eastern Airlines has announced that it has agreed to buy 16 Airbus A330 planes.

The Shanghai-based carrier is increasing the size of its fleet in order to schedule more flights between Beijing and other major Chinese cities.

At list price the order would be worth the equivalent of 1.8 billion euros, but China Eastern is understood to have negotiated discounts.

The planes are due to be delivered between 2011 and 2014.

The order for the wide bodied jets gives a boost to the European planemaker.

It is fighting with US rival Boeing for a share of the fast-growing Asian market.

Demand for planes is set to increase particularly in China as its economy continues to grow.

Last week Malaysia’s National carrier said it would buy up to 25 Airbus A330s with an option for 10 more.