Summary by Moomoo AI
China Airlines signed a purchase agreement with China Merchant Air on 26 April 2024, agreeing to purchase 100 C919 booster aircraft. The maximum applicable percentage of the transaction is between 25% and 100%, which constitutes the main trade and is subject to the relevant provisions of the Listing Rules. The total cost of the transaction is approximately $108 billion, and the actual price will be lower than this figure, due to the preferential price of Chinese commercial flights. The funds will be raised through own funds, bank loans and other financing methods and are not expected to have a significant impact on the Company's cash flow and business operations. The aircraft are expected to be delivered in batches between 2024 and 2031, which will increase the Group's throughput by approximately 7.5%, helping to optimise fleet structure and complement long-term manpower. The relevant circular is expected to be sent to shareholders on or before June 25, 2024.