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Shanghai Airlines to buy 5 Airbus A321s, sell 4 B757 jets

Shanghai Airlines to buy 5 Airbus A321s, sell 4 B757 jets

Shanghai Airlines Co. said Friday it plans to buy five A321 planes from Airbus to expand its fleet, and sell four B757 craft to Aircastle and lease them back.
The moves were approved by the company's board to help expand the company's fleet, improve service and cut costs, Shanghai Airlines said in a notice to the Shanghai Stock Exchange.
The actual price of the five Airbus jets will be below the catalog price of about US$370 million (


Updated : 2020-12-02 22:03 GMT+08:00