China Southern Airlines to buy 12 Boeing aircraft
(Reuters)
Updated: 2006-10-17 10:59 SHANGHAI - China Southern
Airlines Co., the country's largest carrier by fleet size, said Tuesday it and
its unit Xiamen Airlines have together agreed to buy 12 aircraft from Boeing Co.
Xiamen Airlines, in which China Southern Airlines holds a 60 percent stake,
agreed to buy six B737-800 aircraft, which will be delivered in 2010, the parent
company said in a statement.
Southern Airlines agreed to buy six B777F cargo planes, to be delivered
between November 2008 and July 2010, it said.
The deal for the 12 Boeing planes is worth up to US$1.84 billion (euro1.47
billion) at list prices, but the actual purchase price is lower than this
amount, China Southern Airlines said without giving further details.
The company also said the two airlines will use bank loans and operating
funds to finance the deal.
China Southern Airlines, based in the southern city of Guangzhou, is one of
the country's three major state-owned airlines, along with de facto flag carrier
Air China Ltd. and Shanghai-based China Eastern Airlines Corp.
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