China Eastern Airlines: Purchased 100 C919 aircraft, the actual price is much lower than the list price

China Eastern Airlines announced today that it signed a "C919 Aircraft Sales and Purchase Agreement" with Commercial Aircraft Corporation of China Co., Ltd. and purchased 100 C919 aircraft. These 100 aircraft are planned to be delivered to China Eastern Airlines in batches from 2024 to 2031

▲ Source: China Eastern Airlines

China Eastern Airlines stated that the total list price of the 100 C919 aircraft purchased this time is approximately US$9.90 billion (open market quotation, 2023 list price). Commercial Aircraft Corporation of China has given the company a large price discount. Therefore, the actual price of this batch of aircraft is significantly lower than the above catalog price.

Calculated based on the central parity exchange rate of RMB against the US dollar announced by the People's Bank of China on the day when this transaction agreement was signed (1 US dollar = 7.1798 yuan), the catalog price of this purchase of 100 C919 aircraft is approximately RMB 71.080 billion. The above catalog price includes the fuselage, engine, etc.

This is the largest single order for C919. China Eastern Airlines has become the world’s largest user of C919 large passenger aircraft. According to the plan, the C919 passenger aircraft purchased this time will be delivered in batches from 2024 to 2031. Among them, 5 aircraft are planned to be delivered in 2024, 10 aircraft are planned to be delivered each year from 2025 to 2027, 15 aircraft are planned to be delivered each year from 2028 to 2030, and 20 aircraft are planned to be delivered in 2031. This site has noticed that China Eastern Airlines has ordered the first batch of 5 C919 large passenger aircraft in 2021

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