China Aircraft Leasing Group Holdings Ltd (1848) says it will buy 50 Boeing 737MAX series aircraft from Boeing for an aggregate list price of US$5.8 billion (HK$45.24 billion) to meet demand for more efficient aircraft while expanding its fleet portfolio.
The group agreed to buy the Boeing aircraft in a deal to be settled from internal resources and loans and other borrowings, the company said in a filing to the Hong Kong Stock Exchange yesterday.
China Aircraft, which now owns and manages 87 aircraft, said the actual purchase price would be lower than the list price as Boeing would grant price concessions.
The aircraft will be delivered in stages up to 2023.
In April, the group agreed to buy aircraft from Airbus in a bid to match customer demand.