(MENAFN) China's Shenzhen Airlines will buy 46 Boeing 737 planes, in a deal valued at USD4.3 billion in list prices, its parent company Air China said in a statement, Gulf Times reported.
The airline, based in the southern city of Shenzhen, will take delivery of the planes from 2016 to 2020, said the statement to the Shanghai Stock Exchange, where Air China is listed.
Shenzhen Airlines already owns a fleet of more than 100 passenger and cargo aircraft including Boeing 747s and 737s, as well as Airbus 320s and 319s, according to its website.
The price of a jet in the 737 family ranges from USD78.3 million to USD113.3 million. Boeing says its new 737 Max delivers 8 percent lower operating costs than its main competitor.
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