Air China has placed an order for 20 Airbus A350-900s.
The order is valued at approximately $6.54 billion, based on list prices, says the Star Alliance carrier in a stock-exchange disclosure. It adds that it has been given a "price concession" from the airframer, after negotiations.
The A350s are slated for delivery between 2020 to 2022, the disclosure notes.
Among the 20 A350s on order, the airline has the option of converting the last five to the larger A350-1000 variant.
Air China also states that the transaction will be beneficial to its fleet optimisation. The transaction will not have any "material impact" on the airline's operations and cash flow position, it adds in the disclosure.
Cirium's Fleets Analyzer shows that Air China currently operates 10 A350-900s.
Source: Cirium Dashboard