China Airlines Weighs Airbus And Boeing Options For Fleet Renewal: Report

China Airlines Ltd. is reportedly choosing between Boeing Company's BA upgraded 777 and Airbus SE's EADSY A350-1000 as it looks to revitalize its fleet by retiring the existing long-haul jets.

The company is in search of a new fleet to replace the 10 Boeing 777-300ER, Bloomberg reported, citing a statement from China Airlines president Kao Shing-Hwang.

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However, the government-backed airlines did not specify a timetable for the fleet upgrade, Bloomberg added.

China Airlines has over 85 aircraft, including 23 freighter jets. 

The company's ten 777-300ERs have a median age of about 8.3 years. It also flies the Airbus A350-900.

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Price Action: BA shares are trading higher by 1.22% to $230.02 on the last check Wednesday.