China Southern Airlines Places Large Boeing, Airbus Order | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Airborne Hi-Def On YouTube

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

Wed, Jul 11, 2007

China Southern Airlines Places Large Boeing, Airbus Order

Deal Follows US/China Aviation Pact Finalization

In a deal estimated to be worth $3.69 billion, China Southern Airlines has committed to a purchase of 45 aircraft from manufacturing rivals Airbus and Boeing. 

The carrier announced Tuesday it would buy 25 B737-800s from Boeing and 20 A320s from Airbus.

The B737-800s are slated for Xiamen Airlines, in which China Southern owns a 60 percent stake, and are scheduled for delivery between 2011 and 2013. The carrier expects deliveries of the A320s between March 2009 and August 2010, according to the Xinhua China View.

The carrier said financing for the purchase would occur through its own capital and bank loans even though no such banking deals have been made as of yet.

Current market prices for the Boeing aircraft are around $70 million to $79 million and the A320 prices come in around $66 million to $85 million, but the carrier said it had received discounts on the large orders.

This purchase should increase the carrier's operating capacity by about 19.5 percent, the carrier said.

News of the purchase comes on the heels of the US and China finalizing an aviation pact that is expected to lead to a massive increase in air traffic, according to the BBC.

The pact, signed by US Transportation Secretary Mary Peters and China's civil aviation minister Yang Yuanyan in Washington Monday, allows US carriers to operate 23 daily flights by the year 2012, an increase from the current 10. Chinese carriers may operate equivalent services, as well as unlimited cargo flights from both sides.

The deal is projected to generate as much as $5 billion for the airline industry, said the BBC.

FMI: www.airbus.com, www.cs-air.com/en/

Advertisement

More News

Airborne 08.25.16: Airlander 10 Accident, M500 EASA Cert, Flying Car Frenzy

Also: Veterans Against Airshows, Redbird Migration 2016, Rocket Debris, Charles Taylor Award, Wayward Satellite, Norfolk International, Hawaiian Airlines It was only last week that>[...]

Drug Trafficker Sentenced In Virginia

Had Purchased Airplanes Used To Transport Large Quantities Of Narcotics A man who had purchased two airplanes in Virginia that were used to transport tons of cocaine between Guatem>[...]

ANN's Daily Aero-Linx (08.26.16)

Frank Ambrose Beginning as an Air Force Photographer in 1943, Frank Ambrose now operates a studio in Gloversville, New York specializing in Commercial, Industrial and Portrait phot>[...]

ANN's Daily Aero-Term (08.26.16): Position Report

A report over a known location as transmitted by an aircraft to ATC.>[...]

Aero-News: Quote of the Day (08.26.16)

"This year's research shows that South Carolina's aerospace industry is diversifying and trending towards sustainable growth." Source: Dr. Joey Von Nessen, author of the South Caro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC