China Eastern Airlines is to acquire 80 Boeing 737s, a mix of -800 and the re-engined Max variants.

The aircraft are due to be delivered in batches over 2016-20.

China Eastern says it has reached a purchase agreement with Boeing covering the acquisition. It says the value of the 80 aircraft, at list prices, is $7.387 billion.

China Eastern 737

Avolon

While the airline has not broken down the deal by model, the overall value indicates that it comprises 60 737 Max jets and 20 737-800s.

All 737-800s are powered by CFM International CFM56s while the Max will have CFM Leap-1B engines.

As part of the agreement China Eastern will sell 15 737-300s as well as five 757s.

It says the 737s date from 1991-98, averaging 17.2 years, while the 757s are 2004-05 models averaging 9.6 years. The aircraft have a book value of 1.52 billion yuan ($245 million).

China Eastern recently opted to take 70 Airbus A320neo jets under a transaction which also included the sale of Airbus A300s.

Source: Cirium Dashboard