从机队基础来看，两家航司均已具备深厚的A320系列运营经验。据吉祥航空2025年半年报，截至今年 上半年底，公司拥有93架空客A320系列飞机。春秋航空半年报则显示，2025年上半年，公司共引进4架 空客A320neo机型飞机，截至上半年底，春秋航空拥有空客A320系列机型机队共133架。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 图片来源：视觉中国 12月29日，春秋航空（601021.SH）与吉祥航空（603885.SH）分别发布公告，宣布拟向空中客车公司 采购A320系列飞机。据公告，两家航司订单合计55架客机、交易金额超82亿美元（约人民币574.48亿 元），交付周期集中在2028年至2032年。 据公告细节，春秋航空拟购入30架空客A320neo系列飞机，目录价41.28亿美元；吉祥航空则计划采购25 架空客A320系列飞机，目录价为41亿美元。 两家航司均明确，实际交易对价将低于目录价格，资金来源将通过自有资金、商业银行贷款或其他融资 方式解决，并采用分期付款模式减轻现金流压力。此次交易尚需提交股东会审议及国家相关部门批准。 对于此次交易目的，吉祥航空表示，是为保 ...

A320系列客机是国内使用量最大的单通道干线客机之一，也是空客的畅销机型，包括A319neo、 A320neo、A321neo、A321XLR四个机型。据媒体报道，空客CEO傅里指出，尽管起步较晚，但A320系 列飞机的交付量已超过波音737系列，成为全球最畅销的单通道民用飞机。傅里还提到，未来20年中国 民航市场需要9500多架飞机，约占全球市场需求的1/5。 截至2025年上半年底，吉祥航空拥有93架空客A320系列飞机，其中包括30架A320ceo、27架A321ceo、 22架A320neo和14架A321neo机型，另有10架波音B787系列飞机。其子公司九元航空实际运营27架波音 737系列飞机。同期，春秋航空共引进4架空客A320neo机型飞机，无退出飞机。截至上半年底，春秋航 空拥有空客A320系列机型机队共133架，其中A321neo机型飞机12架，A320neo机型飞机46架，A320ceo 型飞机75架。 12月29日，春秋航空与吉祥航空宣布了大额购机计划，两家航空公司选择采购空中客车公司旗下的 A320系列飞机，合计涉及55架客机，交易金额超过82亿美元（约人民币574.48亿元）。春 ...

12月29日，国内两家航司同步抛出大额购机计划：春秋航空（601021.SH）与吉祥航空（603885.SH）发布公告，选择采购空中客车公司（以下简称"空 客"）旗下的A320系列飞机，合计涉及55架客机、交易金额超82亿美元（约人民币574.48亿元）。 公告显示，春秋航空拟向空客公司购买30架空客A320neo系列飞机，交易金额不超过目录价41.28亿美元（实际对价将低于目录价），预计交付时间为2028 年至2032年。 图源：空客官网 据智通财经及多家媒体报道，空客CEO傅里10月底接受媒体采访时指出，空客全球市场占有率持续提升，虽然晚起步20年，但A320系列飞机的交付量已 超过波音737系列，成为全球最畅销的单通道民用飞机。 谈及对中国市场的展望，傅里指出，未来20年中国民航市场需9500多架飞机，约占全球市场需求的1/5。 吉祥航空则计划采购25架空客A320系列飞机，交易价格为41亿美元，同样将在2028年至2032年分批接收，且该交易需经国家相关部门批准。 资料显示，空客公司是全球领先的飞机制造商，总部位于法国图卢兹，主要在商用飞机、直升机、国防和航天领域开展业务。随着亚太地区增长势头持续 强 ...

每经编辑｜许绍航 12月29日，国内两家航司同步抛出大额购机计划：春秋航空（601021.SH）与吉祥航空（603885.SH）发布公告，选择采购空中客车公司（以下简称"空 客"）旗下的A320系列飞机，合计涉及55架客机、交易金额超82亿美元（约人民币574.48亿元）。 公告显示，春秋航空拟向空客公司购买30架空客A320neo系列飞机，交易金额不超过目录价41.28亿美元（实际对价将低于目录价），预计交付时间为2028 年至2032年。 吉祥航空则计划采购25架空客A320系列飞机，交易价格为41亿美元，同样将在2028年至2032年分批接收，且该交易需经国家相关部门批准。 资料显示，空客公司是全球领先的飞机制造商，总部位于法国图卢兹，主要在商用飞机、直升机、国防和航天领域开展业务。随着亚太地区增长势头持续 强劲，空中客车在中国的布局也在快速扩张，在中国的投资方面，覆盖包括生产、采购以及整个供应链。 此次春秋航空选中的A320neo属A320系列。据空客官网介绍，A320neo的飞行最高航程可达3400海里，且得益于其节能发动机，每座位燃油消耗和二氧化 碳排放减少了20%，该机配备最灵活的客舱，最大容量 ...

格隆汇12月29日｜春秋航空(601021.SH)公告称，公司与空客公司签订《飞机购买协议》，向空客公司 购买30架空客A320neo系列飞机，预计交付时间为2028年至2032年。交易金额不超过目录价格41.280亿 美元，实际对价将低于目录价格。资金来源为自有资金、商业银行贷款或其他融资方式。本次交易旨在 提升运力水平、提高经营效益及市场竞争力，预计不会对公司业务独立性产生影响。 ...

Group 1 - Cathay Pacific Airways (00293) experienced a decline of over 3%, with a significant drop of more than 9% the previous day, currently trading at HKD 10.49 with a transaction volume of HKD 162 million [1] - The company reported a mid-year performance for 2025, with total revenue of HKD 54.309 billion, representing a year-on-year increase of 9.5%, and a net profit attributable to shareholders of HKD 3.651 billion, up 1.1% [1] - The interim dividend declared is HKD 0.20 per share [1] Group 2 - Cathay Pacific announced the exercise of a purchase option under a 2013 subscription agreement to acquire 14 Boeing 777-9 aircraft, with a basic price of approximately USD 8.1 billion, equivalent to about HKD 63.2 billion, expecting a lower actual cost due to significant discounts from the manufacturer [1] - Morgan Stanley's report indicated that the net profit attributable to ordinary shareholders for the first half of the year increased by 8.3% year-on-year, while operating profit remained flat at HKD 5.9 billion, below market expectations of HKD 6.6 billion [1] - The passenger yield was below expectations, primarily due to the normalization of long-haul route yields and increased competition on short-haul routes, despite strong demand in business class and an increase in passenger load factor year-on-year [1] Group 3 - The market generally anticipates a year-on-year decline in net profit for the full year of 2025, but Morgan Stanley believes the downside risk is limited [1] - The rating is "in line with the market," with a target price set at HKD 12.1 [1]

Core Viewpoint - Cathay Pacific Airways announced its mid-year results for 2025 and revealed plans to purchase an additional 14 Boeing 777-9 aircraft, increasing its total orders for this model to 35 aircraft [1][2]. Group 1: Financials and Aircraft Orders - The basic price for the additional 14 Boeing 777-9 aircraft is approximately $8.1 billion (around HKD 63.2 billion), with the actual cost expected to be lower due to significant discounts from the manufacturer [1]. - The company maintains a balanced fleet with aircraft from both Boeing and Airbus, each accounting for roughly half of its fleet [1]. Group 2: Management Insights - The Chairman of Cathay Pacific expressed confidence in Boeing's leadership focusing on production quality and engineering, which is crucial for the airline's future operations [2]. - The airline is optimistic about integrating the new Boeing 777-9 aircraft into its fleet by 2027 and plans to remain flexible in future acquisitions of this aircraft model [2].

Core Viewpoint - Cathay Pacific Airways reported a significant drop in its stock price following the release of its latest earnings report, which showed mixed results despite a year-on-year revenue increase [1][4]. Financial Performance - For the six months ending June 30, 2025, Cathay Pacific Group reported revenues of HKD 54.309 billion, a year-on-year increase of 9.5% [1]. - The profit attributable to shareholders was HKD 3.651 billion, reflecting a modest growth of 1.1% compared to the previous year [1]. - The company declared an interim dividend of HKD 0.2 per share and reported unrestricted cash reserves of HKD 21.504 billion, up 12.7% year-on-year [1]. Passenger and Cargo Operations - Passenger revenue for the first half of 2025 reached HKD 34.208 billion, a 14.0% increase from the same period in 2024 [3]. - The number of passengers carried increased to 13.6 million, averaging 75,300 passengers per day, which is a 27.8% rise year-on-year [3]. - Cargo revenue was HKD 11.141 billion, up 2.2%, with an overall cargo tonnage increase of 11.4% to 801,000 tons [3]. Challenges and Strategic Moves - The company noted challenges due to tariff changes and uncertainties in the market, but highlighted the resilience of its cargo business [4]. - Cathay Pacific is expanding its business beyond aviation services, including ventures in payments, insurance, and lifestyle products [4]. Subsidiary Performance - Hong Kong Express, a wholly-owned low-cost subsidiary, reported passenger revenue of HKD 3.004 billion, remaining stable compared to the previous year [4]. - The airline carried 3.8 million passengers in the first half of 2025, a 33.5% increase year-on-year, although it faced a net loss of HKD 524 million due to external factors [4]. Aircraft Acquisition - The company announced the exercise of a purchase option under a 2013 agreement to acquire 14 Boeing 777-9 aircraft, with a basic price of approximately USD 8.1 billion (around HKD 63.2 billion) [6]. - The actual cost will be lower due to significant discounts from the manufacturer, with payments structured over five installments [6].

Core Viewpoint - Bohai Leasing (000415.SZ) announced a revised aircraft procurement agreement with Airbus, involving the purchase of 15 A330NEO and 75 A321NEO aircraft, with options for additional purchases [1] Group 1: Aircraft Procurement Details - The agreement includes the option for Avolon to purchase an additional 25 A321NEO aircraft and a purchase option for 15 A330NEO aircraft [1] - The aircraft are expected to be delivered gradually by the end of 2033 [1] Group 2: Financial Impact - The execution of this aircraft procurement contract is not expected to have a significant impact on the company's operating results for the current year [1] - The procurement is anticipated to have a positive impact on the company's future operating results [1] Group 3: Regulatory Aspects - The transaction does not constitute a related party transaction or a major asset restructuring and is subject to approval by the company's shareholders [1]

Group 1 - China is considering ordering hundreds of Airbus aircraft as early as July, with potential orders ranging from 200 to 500 units, including a significant proportion of wide-body aircraft [1] - If finalized, the order could become the largest in Chinese aviation history, surpassing the previous order of 300 Airbus narrow-body aircraft valued at approximately $37 billion in 2022 [1] - The increase in Airbus's market share may benefit domestic suppliers in China [1] Group 2 - Tianbao Infrastructure has a stake in a subsidiary, Zhongtian Aerospace, which is involved in the assembly of Airbus A320 and A350 series aircraft [2] - Aileda is engaged in international subcontracting for major aircraft models from Airbus and Boeing, focusing on precision machining and special process services for certain models [2]