On July 1, the three major airlines, Air China, China Eastern Airlines, and China Southern Airlines, simultaneously announced that they would purchase a total of 292 Airbus A320NEO series aircraft, with a total contract price of about US$37.257 billion, equivalent to nearly 250 billion yuan. Air China announced that the company and its wholly-owned subsidiary Air China Import and Export Co., Ltd. and Airbus signed an Air China purchase agreement on July 1, 2022 to purchase 64 Airbus A320NEO series aircraft from Airbus. Shenzhen Airlines, a subsidiary of the company, and Airbus signed a Shenzhen Airlines purchase agreement on July 1, 2022 to purchase 32 Airbus A320NEO series aircraft from Airbus. The total base price of the 96 aircraft is approximately US$12.213 billion (January 2020 price), and the aircraft price needs to be adjusted according to the formula. China Southern Airlines announced that it signed an agreement with Airbus to purchase 96 A320NEO series aircraft from Airbus at a base price of approximately US$12.248 billion, including airframes and engines. According to the announcement of China Southern Airlines, the open market price of the A320NEO series aircraft is about 105-136 million US dollars each, or about 704-912 million yuan. Eastern Airlines .
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