naritaflyer
Posts: 259
Joined: Sat Apr 22, 2006 12:17 am

China Southern Orders 45 Airplanes

Wed Jul 11, 2007 3:23 am

Is this a new order or part of the previously announced orders?

SHANGHAI (Dow Jones)--China Southern Airlines Co. (ZNH) said late Monday it
agreed to buy 20 A320 jets from Airbus and 25 B737-800 planes from Boeing Co.
(BA) 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).

[Edited 2007-07-10 20:23:52]
 
Lumberton
Posts: 4176
Joined: Fri Jul 29, 2005 7:34 am

RE: China Southern Orders 45 Airplanes

Wed Jul 11, 2007 3:32 am

I think it's part of previously announced orders.

[Edited 2007-07-10 20:33:19]
"When all is said and done, more will be said than done".
 
ikramerica
Posts: 13772
Joined: Mon May 23, 2005 9:33 am

RE: China Southern Orders 45 Airplanes

Wed Jul 11, 2007 3:33 am

Quoting Lumberton (Reply 1):

All Chinese carriers are the same?
Of all the things to worry about... the Wookie has no pants.
 
Lumberton
Posts: 4176
Joined: Fri Jul 29, 2005 7:34 am

RE: China Southern Orders 45 Airplanes

Wed Jul 11, 2007 4:15 am

AFAIK, it was announced last April that Xiamen would take 25 737s. I suspect that's what's being referred to here. Also, I suspect that the 20 A320s are part of the 150+150 announced by Airbus in 2005 & 2006. Notice I say "suspect"; I don't have further info. However, we saw that with the Air China A320 announcement today that those aircraft were an "allocation" of the aircraft ordered previously by the central government from Airbus. So, IMVHO, it would be consistent with past practice. Any further info would be appreciated.
"When all is said and done, more will be said than done".
 
da man
Posts: 836
Joined: Fri Sep 14, 2001 8:27 am

RE: China Southern Orders 45 Airplanes

Wed Jul 11, 2007 5:50 am

There are 6 777F UFOs on the books for Boeing, this must be them:

Quoting Naritaflyer (Thread starter):
six Boeing B777F planes acquired by the company in the past year
War Eagle!