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 09.26.16

Airborne 09.27.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

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 09.26.16: SpaceX Accident Details, Bell V-247 'Vigilant', Blues Cancel

Also: Tracey Curtis-Taylor, RC Saab Gripen, Kodiak, Airbus Subsidies, Worcester Reg'l Airport, MedEvac Foundation, Predator-Series As promised, SpaceX is starting to reveal details>[...]

NBAA Mourns Arnold Palmer's Passing

Dedicates 2016 Convention To Golf Legend, Aviation Champion National Business Aviation Association (NBAA) President and CEO Ed Bolen Monday reflected with sadness on the passing Su>[...]

FAA Dedicates New Tucson Control Tower

New Tower Replaces Previous Facility Which Had Stood For 58 Years FAA Administrator Michael Huerta on Friday joined federal and local officials in dedicating the new, environmental>[...]

Airborne 09.23.16: GA Pilot Sues SFO, Drone Legalities, EAA Hall Of Fame

Also: Zenith Open Hangar Days, KSMO Nonsense, Recalled Devices, Piper M600, 800th TBM, NASAO, Commercial Space The pilot of the last piston airplane based at San Francisco Internat>[...]

Airborne 09.26.16: SpaceX Accident Details, Bell V-247 'Vigilant', Blues Cancel

Also: Tracey Curtis-Taylor, RC Saab Gripen, Kodiak, Airbus Subsidies, Worcester Reg'l Airport, MedEvac Foundation, Predator-Series As promised, SpaceX is starting to reveal details>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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