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China Southern to buy Airbus aircraft for $2.3 billion

Staff writer |
China Southern Airlines has signed deals worth about $2.3 billion to buy 10 aircrafts from Airbus.

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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.

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