Market Chatter: Hainan Airlines, Air China Order Airplanes During Airshow China

MT Newswires Live11-14

Hainan Airlines (SHA:600221) and Air China (HKG:0753, SHA:601111) placed orders for airplanes from Commercial Aircraft Corp. of China at the China International Aviation and Aerospace Exhibition, YiCai Global reported Wednesday.

During Airshow China, Hainan Airlines ordered 60 C919 large passenger planes for its unit Suparna Airlines and Urumqi Air, another Hainan Airlines subsidiary, ordered 30 units of C909 aircraft, according to the report.

Additionally, Air China pre-ordered the wide-body C929 aircraft, which is still under development, YiCai Global wrote.

Shares of Hainan Airlines closed 7% lower Thursday on the Shanghai bourse.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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