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China Eastern Buys $6.4 Billion Airbus A320 Neo Aircraft

China Eastern Airlines Corp., the nation’s third-largest airline, ordered $6.4 billion of single-aisle planes from Airbus Group NV to meet demand in a country set to become the world’s biggest aircraft market.

The 70 planes will be delivered between 2018 and 2020 and the final price is “significantly less than” the manufacturer’s list price, China Eastern said in a statement to the Shanghai stock exchange yesterday. The airline is buying A320neos, the most fuel-efficient version of Airbus’s single-aisle planes.