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Air China Will Pay Up to $814 Million for 10 Airbus 320-Series Aircraft

Air China Ltd. said one of its airlines will buy 10 Airbus 320-series planes.

Shenzhen Airlines Ltd. signed a purchasing agreement with Airbus SAS today, Air China said in a statement to the Shanghai and Hong Kong stock exchanges. The company said the cost will be less than what it described as a “basic price” of $814 million for 10 planes.

The planes will be delivered in 2012 and 2013, according to the statement.

To contact the reporter on this story: Judy Chen in Shanghai at xchen45@bloomberg.net

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