SHANGHAI, China (AP) — China Southern Airlines Co. said Wednesday it has agreed to buy 10 A330-200 planes from Airbus to beef up its fleet size and sharpen its competitive edge.
The catalog price for each plane is US$167.7 million to US$176.7 million (euro117.65 million to euro123.97 million), though the actual price will be lower than that, the Chinese carrier said. Plane manufacturers normally give discounts from their list price to airline companies.
The purchase, which is subject to shareholder and regulatory approval, will be financed by working capital and bank loans, China Southern said.
Airbus is due to deliver the planes from March 2010 through August 2012.