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Investing.com - Taiwan’s China Airlines will spend more than $2 billion to expand its Airbus fleet with five A350-900 long-haul jets and eight A321neo aircraft for medium and short-haul routes, the company announced Wednesday.
In a statement to the Taiwan stock exchange, the airline revealed that five of the A321s would be acquired from Air Leasing Corporation at a cost of $240 million, while negotiations continue for the remaining three aircraft.
The A350s will cost no more than $1.965 billion if purchased outright, or alternatively $1.148 billion if leased, according to the airline’s statement.
China Airlines did not provide additional details about the timeline for delivery or specific configurations of the new aircraft in its announcement to the stock exchange.
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