Air China has agreed to buy 20 Airbus 320 series aircraft for delivery between 2011 and 2014, Bloomberg reported. The Chinese carrier said in a statement to the Hong Kong Stock Exchange Wednesday that it would receive significant concessions on aircraft, which have a basic unit price of US$1.63 million each. The additional aircraft will strengthen Air China’s fleet capacity by 5% compared with December 2009 levels, based on available metric ton kilometers. The company intends to use the new aircraft in support of its expansion plans in southwest China and planned network hub in Chengdu.
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