Space Industry and Business News  
AEROSPACE
China Southern Airlines unit buys six Boeing 787s

by Staff Writers
Hong Kong (AFP) May 11, 2011
China Southern Airlines said its Xiamen Airlines unit has bought six 787 Dreamliners from Boeing, as the country's carriers boost their fleets to meet soaring demand.

The order, worth around $1.1 billion at list prices, will provide a fillip to Boeing, whose Dreamliner was heralded as the first of a new generation of fuel efficient planes but has been beset by production and delivery delays.

It is also further evidence of the pace at which airlines in China are having to move to keep up with demand in a fast-growing market and comes on the heels of a 17-fold increase in profit for China Southern.

The planes are due to be delivered between 2014 and 2015, and will boost Xiamen Airlines' fleet, which already stands at 71 Boeing jets on 150 domestic and regional routes, according to its website.

Boeing has struggled to fulfil the early promise of the mid-sized Dreamliner, whose heavy reliance on composite material and diverse manufacturing sites have complicated production.

The company first promised to begin deliveries to the 787's launch customer -- Japan's All Nippon Airways -- in 2008 but that has now been delayed until later this year.

The deal comes less than two months after China Southern, which owns 60 percent of Xiamen Airline, said its 2010 profit rocketed as demand for air travel booms in China with the carrier's passenger numbers rising 15.4 percent to 76.46 million.

A total of 267 million air passenger trips were recorded in the country in 2010, up 15.8 percent from the previous year, official figures showed, reflecting growing prosperity among the country's booming middle class.

China Southern has been ramping up its own fleet to meet that demand, saying in November that it had agreed to buy 36 planes from Airbus for $3.78 billion, while rival Air China said in March it would buy five of Boeing's new 747-8 passenger planes with a combined list price of $1.54 billion.

Also in March, Boeing said Hong Kong Airlines had placed a preliminary order for 38 planes worth up to $8.5 billion at list prices.

Last year, Hong Kong-based Cathay Pacific said it had confirmed an order for 30 long-range A350 Airbus aircraft with a book price of $7.82 billion -- the biggest single order in the carrier's history.

The head of China's civil aviation administration has said China will have about 5,000 aircraft transporting passengers and cargo by 2015, almost double the number presently being used.

China Southern did not reveal the actual price of the planes in the deal, but said in a statement it would be paying an amount "significantly lower" than the list price.

"The aggregate consideration for the acquisition will be partly payable by cash... and partly by financing arrangements with banking institutions," China Southern added.

Hong Kong-listed shares in China Southern closed about 2.6 percent lower at HK$4.14 (53 US cents) on Wednesday.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Aerospace News at SpaceMart.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


AEROSPACE
Korean Air to spend $1.58 billion on passenger jets
Seoul (AFP) May 3, 2011
South Korea's flag carrier Korean Air said Tuesday it would buy a total of seven passenger planes from Airbus and Boeing for nearly $1.58 billion. The airline said the planes - five Airbus A330-200s and two Boeing B777-300ERs - would cost 1.685 trillion won ($1.577 billion) and be bought between May 2011 and September 2015. Airbus, the airliner manufacturing subsidiary of European aer ... read more







AEROSPACE
Russia says fire put out near radioactive facility

More effective and less risky when you paint the hull of your boat

Artists switch from easels to touch-screens

Bats lend an ear to sonar engineering

AEROSPACE
Emirates lofts satellite to boost military

LockMart Battle Command System Replaces US Army Legacy System

Lockheed Martin Demonstrates Integration of MONAX Communications System with Air Force Base Network

Preparations Underway As US Army Gears Up For Large-Scale Network Evaluations

AEROSPACE
Arianespace to launch ABS-2 in 2013

GSAT-8 put through its paces

Ariane Ariane 5 enjoys second successful launch for 2011

Ariane rocket launches two telecoms satellites

AEROSPACE
'Green' GPS saves fuel, energy

Apple update fixes iPhone tracking "bugs"

Russia, Sweden to boost space cooperation

GPS Operational Control Segment Enters Service With USAF

AEROSPACE
China Southern Airlines unit buys six Boeing 787s

Japan quake, Mideast turmoil hit air travel: IATA

Korean Air to spend $1.58 billion on passenger jets

Brazil's key airports set to go private

AEROSPACE
Graphene optical modulators could lead to ultrafast communications

Pentagonal tiles pave the way towards organic electronics

NRL Scientists Achieve High Temperature Milestone in Silicon Spintronics

Intel chip breakthrough a boon for mobile gadgets

AEROSPACE
TRMM Maps a Wet Spring, 2011 for the Central U.S.

Pivotal Shift Underway in Satellite Observations of Earth

Internet satellite images available to all

Esri and DOI Introduce Landsat Data for the World

AEROSPACE
The skinny on how shed skin reduces indoor air pollution

Italian soldiers start clearing Naples garbage

Hong Kong told to revamp air pollution rules

Cyber-guided clean-up hopes to sweep globe


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement