The Boeing Company logo is projected on a wall at the "What's Next?" conference in Chicago, Illinois, U.S., October 4, 2016. REUTERS/Jim Young

HONG KONG (Reuters) - China Aircraft Leasing Group Holdings Ltd 1848.HK said it would buy 50 Boeing 737MAX series aircraft from Boeing BA.N for an aggregate list price of $5.8 billion, to meet demand for more efficient aircraft while expanding its fleet portfolio.

The aircraft lessor’s unit had agreed to buy the Boeing aircraft, in a deal to be settled from internal resources and loans and other borrowings, the company said in a filing to the Hong Kong bourse on Thursday.

China Aircraft, which now owns and manages 87 aircraft, said the actual purchase price would be lower than the list price as Boeing would grant price concessions as per industry practice.

The Boeing aircraft will be delivered in stages up to 2023.

In April, China Aircraft Leasing had agreed to buy aircraft from Airbus AIR.PA in a bid to match customer demand under dynamic market conditions.