Boeing banks on China Southern Airlines
07 / 06 / 2012
CHINA Southern Airlines is giving Boeing’s order book a boost with an agreement to buy six 777Fs.
The aircraft, to be delivered between 2013 and 2015, have a list price of US$1.58bn with the purchase being funded by bank loans and China Southern’s operating fund.
The 777Fs will boost the airline’s cargo capacity, measured in available tonne kilometres, by 8.4 per cent.
China Southern is not a new customer for Boeing. Earlier in May the Chinese firm announced that its Xiamen Airlines subsidiary would buy six 787 Dreamliners costing $1.1bn. The aircraft are due to be delivered between 2014 and 2015.
In November 2010 China Southern had agreed to buy 36 aircraft from Airbus for $3.78bn.
Rival Air China said in March this year it would buy five 747-8 passenger aircraft with a combined list price of $1.54bn.