Eastern Airlines plans to buy 50 Airbus aircraft

Eastern Airlines (600115) 30th signed the "Aircraft purchase agreement" with Airbus to purchase 50 Airbus A320 series aircraft.　　50 A320 Series aircraft will be delivered to Eastern airlines in batches from 2012 to 2015. According to the 2005 catalogue price, the basic price of 50 Airbus A320 series aircraft (including engines) is about $3.224 billion. The above basic price includes the fuselage price, the choice item price and the engine price. Airbus has given the company more substantial price concessions in the form of credit memos for these aircraft transactions.　　Therefore, the actual cost of these aircraft is significantly lower than the above basic price. Eastern Airlines said the deal would increase the company's capacity by about 14.39% if it did not consider the company's possible adjustment to the fleet based on market conditions and age, with the company's available kilometer (ATK) as at December 31, 2009.　　, the company and Shanghai Airlines Co., Ltd. as of December 31, 2009 available kilometer (ATK) calculation, through the transaction will allow the merger completed after the company's capacity growth of about 11.24%. Oriental Airlines believes that the purchase of 50 Airbus A320 series aircraft, will be mainly used to meet the domestic air passenger transport market in the next few years and international and regional short-distance air passenger transport market demand for growth, enhance the company's competitiveness in the medium and short distance passenger transport market.