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北京时间·🕒 发布 18:39:38时区推断·⟳ 抓取 18:47:55·⚡ 决策 07-17 19:06:00 +18m05s·101.9 天前

中国国航及深圳航空拟购买55架空客飞机

中国国航及深圳航空拟采购55架空客飞机,目录价合计124亿美元,但实际交易价将低于目录价。

📄 原文CNBC Top News↗ 原文
Air China, Shenzhen Airlines order 55 Airbus jets with list price of $12.4 billion
Air China and its unit Shenzhen Airlines will buy 55 Airbus aircraft for a total list price of $12.4 billion, as China'…
不做 中国国航(601111.SH)
采购飞机对航空公司短期更偏资本开支,交付在2029-2032年,缺少短线利润增量,不做。
不做 空客(AIR.FR)
55架订单利好空客订单储备,但为大型公司远期常规订单且实际价格折扣未披露,短线edge不足。
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研究档案

🔎 新鲜度:最早出现 2026-07-17 · 扩散 high · price-in 风险 medium ↗

关键理由

  • 中国国航及深圳航空拟采购55架空客飞机,目录价合计124亿美元,但实际交易价将低于目录价。

主要风险

  • 飞机交付期在2029年至2032年,短期对中国国航收入利润影响有限;对空客而言属于大额但远期常规订单,未必形成市值级 surprise。

原文全文

展开原文 · 1,427 字
Air China and its unit Shenzhen Airlines will buy 55 Airbus aircraft for a total list price of $12.4 billion, as China's flag carrier moves to expand capacity and modernize its fleet with more fuel-efficient aircraft.
Air China agreed to buy 15 A350-900 wide-body jets, while Shenzhen Airlines will separately purchase 40 narrow-body A320neo-family aircraft, according to a filing by Air China with the Shanghai stock exchange.
The A350-900 jets, with a list value of about $6.09 billion based on Airbus's January 2025 list prices, are scheduled for delivery between 2030 and 2032. The 40 A320neo family aircraft, valued at about $6.35 billion based on January 2024 list prices, are slated for delivery between 2029 and 2032.
Air China said in the filing that the actual transaction prices will be lower than the listed values, with Airbus offering significant discounts, a standard practice for sizeable aircraft orders. Both airlines will fund the purchases through a mix of their own funds, commercial bank loans and other financing arrangements.
The order comes as Chinese carriers continue to rebuild and expand their fleets following the pandemic. Air China said the new aircraft would help optimize its fleet structure and route network, improve operational efficiency and reduce costs.
The A320neo family competes with the medium-haul Boeing 737 MAX, while the A350-900 is widely used on long-haul international routes.

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