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China Southern, Xiamen To Buy 110 737s

China Southern, Xiamen To Buy 110 737s

2015 12 18

2015 12 18

China Southern Airlines and its affiliate Xiamen Airlines have signed deals worth about USD$10 billion to buy Boeing 737 aircraft.

China Southern has agreed to purchase 50 737 MAX and 30 737NG planes from Boeing, while its Xiamen Airlines unit has agreed to buy 30 737 MAX planes.

The total value of the deals is CNY65.07 billion yuan (USD$10.04 billion), according to a Shanghai Stock Exchange filing.

Boeing, in a separate statement, valued China Southern's order at USD$8.38 billion.

The deal comes less than three months after Chinese President Xi Jinping visited Boeing's wide-body factory during his state visit to the United States.

Boeing announced orders and commitments for 300 aircraft during Xi's visit, as well as a partnership with COMAC to open a China completion facility for the delivery of 737 aircraft.

China Southern AirlinesChina Southern Airlines

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