Deals
Spring Airlines Signs Pact to Buy 60 Airbus A320neo Planes
- The aircraft have a combined list price of $6.3 billion
- Deal comes after A320 purchase by Vietnam's VietJet last month
A plane from Chinese airline Spring Airlines departs from Hongqiaou Airport in Shanghai on Feb. 8.
Photographer: JOHANNES EISELE/AFP/Getty ImagesThis article is for subscribers only.
China’s Spring Airlines Co., founded by billionaire Wang Zhenghua, signed an agreement to buy 60 Airbus A320 planes to meet demand in a country poised to overtake the U.S. as the world’s largest travel market.
The planes have a list price of $6.3 billion and will be delivered from 2019 to 2023, the airline said in a statement Thursday. Some of the planes form part of a $17 billion, 130-aircraft deal signed at an October meeting between Chinese Premier Li Keqiang and German Chancellor Angela Merkel in Beijing, Spring Air spokesman Zhang Wu’an said by telephone.