Airline inks US$2b Airbus deal
Print Edition
CHINA Southern Airlines Co has signed deals worth about US$2 billion to buy 10 aircraft from Airbus, the carrier said yesterday.
China Southern, the country’s largest airline by fleet size, has agreed to purchase 10 Airbus A330-300 airplanes, each with a list price of US$227.36 million, it said in a stock exchange filing.
The planes will be delivered between 2017 and 2019 and increase the airline’s capacity by 4 percent.
The purchase will be funded by cash and financing arrangements with banks, the filing added.
The purchase will help the airline expand its fleet and increase its competitiveness amid a boom in air travel in China. Earlier this month, China Southern said it and affiliate Xiamen Airlines had signed US$10 billion deals to buy 110 Boeing aircraft.
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