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The latest announcement is out from Air China ( (HK:0753) ).
Air China has agreed to purchase 60 Airbus A320NEO series aircraft from Airbus S.A.S., with the order structured through import agent AIE and carrying an aggregate list price of about US$9.53 billion, although the airline secured substantial, customary price concessions that reduce the actual consideration below list value. Classified as a discloseable transaction under Hong Kong listing rules, the deal signals a significant fleet expansion aligned with industry-standard procurement practices, and management expects the negotiated discounts to be consistent with previous Airbus purchases and to avoid materially increasing unit operating costs, suggesting limited margin pressure while potentially enhancing capacity and network competitiveness over time.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
More about Air China
Air China is a major Chinese airline whose principal business activities include air passenger transport, air cargo services, and a range of airline-related services. Listed in Hong Kong, the carrier operates domestically and internationally, positioning itself as one of China’s flagship carriers in both passenger and freight markets.
Average Trading Volume: 24,380,004
Technical Sentiment Signal: Buy
Current Market Cap: HK$155.6B
Learn more about 0753 stock on TipRanks’ Stock Analysis page.