jimyvr
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Air China Buys 23 A320

Wed Jul 11, 2007 12:52 am

http://www.reuters.com/article/topNews/idUSN1035332520070710?rpc=44

Statement issued from Shanghai Stock exchange that Air China will buy 23 more A320s. Delivery date spans from 2009 to 2012.
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blsbls99
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 12:57 am

I wonder if this is part of the order of 150 from China last year and 23 are now being "allocated" to Air China?
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DAYflyer
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 12:58 am

I was wondering the same thing.....
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Lumberton
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 1:14 am

I suspect these are an "allocation" from one of the two tranches of 150 each. Does not the central government actually arrange for the purchase of commercial aircraft in China?
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moo
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 1:16 am

Quoting Lumberton (Reply 3):
Does not the central government actually arrange for the purchase of commercial aircraft in China?

Yes, CASGC (or CASC, interchangable apparently) makes the purchases with the airframer and then deals with the individual airline when dealing with large orders. You will see individual airlines go directly to an airframer for smaller individual orders though.
 
migair54
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 1:24 am

it looks like a new order.

The airline will pay cash, from its own reserves and from commercial bank loans,

when they said "from its own reserves" IMO is because it´s a new order.
 
EI321
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 1:28 am

I'd be surprised if this is a new order, since the original 150 have not all been allocated yet, and this is soon after the china southern announcement.
 
Lumberton
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 3:00 am

Not a new order.
http://yahoo.reuters.com/news/articl...58_L10764045&type=comktNews&rpc=44

Quote:
The aircraft will come from a deal for 150 of the planes announced last October by Airbus and state agency China Aviation Supplies Import and Export Group Corporation (CASGC), an Airbus spokesman said.
"When all is said and done, more will be said than done".
 
Asiaflyer
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 9:19 am

86 planes were allocated on June 28th. There was a previous thread about that.
Now another 23 to Air China.
Leaves them with another 41 to allocate.

Yesterday China Southern also said they will buy 20 A320.
Was that from the same batch as well??
If thats the case, then the 150 are soon allocated.
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zeke
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RE: Air China Buys 23 A320

Wed Jul 11, 2007 9:35 am

Another article about A320/737 purchases in China

Quote:
China Southern Airlines to buy 45 jets from Airbus, Boeing

SHANGHAI (MarketWatch) -- China Southern Airlines Co. said late Monday it agreed to buy 20 A320 jets from Airbus and 25 B737-800 planes from Boeing Co. to increase its operating capacity.

The air carrier said in a statement the combined list price of the transaction, which has been approved by its board, is up to US$3.69 billion, but the actual purchase price will be lower than that figure. China Southern said the 20 Airbus A320 aircraft have a list price of between $66.5 million and $85.9 million each. It said its 60%-owned Xiamen Airlines unit will purchase the Boeing B737-800 jets, which have a catalogue price of between $70.5 million and $79 million each. The Airbus jets will be delivered to Southern Airlines between March 2009 and August 2010, and the Boeing planes will be delivered to Xiamen Airlines between July 2011 and November 2013.Southern Airlines said it and its unit will use bank loans and operating funds to finance the deal.

"We believe the deal will better provide our passengers with premium services and enhance the competitiveness of the company," said Southern Airlines.

"We expect the transaction, along with the 12 Boeing B737-800 aircraft and six Boeing B777F planes acquired by the company in the past year, to increase operating capacity by 19.5%." Guangzhou-based China Southern Airlines is one of the country's three major airlines, along with Air China Ltd. (0753.HK) and China Eastern Airlines Corp. CEA).
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