China Southern Airlines Co (600029.SS) has signed deals worth about $2.3 billion to buy 10 aircrafts from Airbus Group SE , the carrier said on Wednesday.
China Southern, the country’s largest airline by fleet size, has agreed to purchase 10 Airbus A330-300 airplanes, each with a list price of $227.36 million, it said in a stock exchange filing.
The planes will be delivered between 2017 and 2019 and increase the airline’s capacity by 4 percent. The purchase will be funded by cash and financing arrangements with banks, the filing added.
The purchase will help the airline expand its fleet and increase its competitiveness amid a boom in air travel in China. Earlier this month, China Southern said it and affiliate Xiamen Airlines had signed $10 billion deals to buy 110 Boeing Co (BA.N) aircraft.
Reuters