China Southern Air, Unit to Buy 110 Boeing Jets in $10.1 Billion Deal
December 17 2015 - 4:51AM
Dow Jones News
By Joanne Chiu
China Southern Airlines Co. (1055.HK) and its 51%-owned unit
Xiamen Airlines Co. have agreed to buy 110 aircraft from Boeing Co.
(BA) for $10.1 billion, as the Chinese carrier looks to boost its
capacity amid the nation's robust air-travel demand.
Guangzhou-based China Southern Air, the nation's biggest airline
by fleet size, said in a Thursday filing it plans to buy 30 B737NG
series aircraft and 50 B737 MAX series aircraft, and sell 16 used
Boeing jets and certain spare parts to the aircraft
manufacturer.
China Southern said the list prices for the B737NG series
aircraft and B737 MAX series aircraft are $81.16 million and $96.07
million each, respectively, adding that it will get large discounts
for the bulk purchase.
The aircraft will be delivered in stages to China Southern from
2017 to 2021, it said.
The carrier's unit, Xiamen Airlines, plans to buy 30 B737MAX
series aircraft from Boeing at a list price of $96.1 million each.
The airline will also swap the nine B737 jets it acquired in 2012
with Boeing's newer B737 MAX series aircraft, it said.
Write to Joanne Chiu at joanne.chiu@wsj.com
(END) Dow Jones Newswires
December 17, 2015 04:36 ET (09:36 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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