Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
China Southern to buy 10 A330-300 aircraft
by Staff Writers
Hong Kong, China (AFP) Dec 5, 2012


China Southern Airlines, the country's largest airline by fleet size, said Wednesday it will buy 10 Airbus A330-300 aircraft in a deal worth $1.88 billion at list price to boost its capacity.

The airline said the acquisition will "facilitate the strategic change and the internationalisation of the company", the firm said in a statement to the Hong Kong stock exchange where it is listed.

"The Airbus aircraft will be delivered in stages to the company during the period commencing from 2014 to 2016," the airline said, adding that the acquisition will be financed through internal resources and bank loans.

The airline said the purchase will enhance its "competitiveness" and increase the carrier's available tonne kilometre -- a measurement for airline capacity -- by 5.7 percent, when the new aircraft are delivered.

China Southern Airlines did not announce the actual price it was paying for the 10 mid-sized passenger aircraft, which are worth a total of $1.88 billion at list price, but said it received "certain price concessions" from Airbus.

Airlines usually get discounts from planemakers for large orders.

The deal came two weeks after rival China Eastern Airlines, a smaller Shanghai-based carrier, ordered 60 Airbus A320 in a deal worth $5.39 billion to satisfy the country's booming domestic travel demand.

The two deals came less than a month after the European Union caved in to critics on its contested carbon tax on air travel by freezing for a year a plan to force non-EU airlines to pay for carbon emissions.

China and India had been at the forefront in opposing the scheme. The two countries had barred their airlines from complying with the EU carbon fee.

Air travel demand in China has increased in line with the country's decades of surging economic growth that have made it the world's second-biggest economy and seen its increasingly wealthy consumers take to the skies.

An industry body said in November that China will need 4,960 commercial planes over the next 20 years at a total of $563 billion, as demand for air travel is expected to soar.

Guangzhou-based China Southern Airlines in February ordered 10 extended-range versions of the twin-engine Boeing 777 in a deal valued at nearly $3 billion.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Four injured in China fighter jet crash: reports
Beijing (AFP) Dec 4, 2012
A Chinese fighter jet crashed in a southern Chinese city Tuesday, sparking a fire that injured at least four people, reports said. The Jian-7 fighter plane belonging to the Chinese air force crashed Tuesday morning in Shantou city, Guangdong province, China Central Television said, citing local firefighters at the scene. The pilot reportedly ejected safely from the plane but Shantou city ... read more


AEROSPACE
Countdown begins to the next generation of satellites

Android gains on Apple in surging tablet sector: survey

Organic metamaterial flows like a liquid, remembers its shape

A better way to make chemicals?

AEROSPACE
US Air Force selects Raytheon to develop future Protected SATCOM System

General Dynamics Awarded Contract Under New U.S. Army Rapid-Acquisition Communications Program

Astrium to provide military X-band satcoms to six UK Royal Navy vessels

Lockheed Martin to Demonstrate Key Component of Tactical MilSat Communications System

AEROSPACE
S. Korea readies new bid to join global space club

Arianespace Lofts Pleiades 1B Using Soyuz Medium-lift launcher

Japan Schedules Radar Satellite Launch

Arianespace ready for next Soyuz and Ariane missions

AEROSPACE
Retired GIOVE-A satellite helps SSTL demonstrate first High Altitude GPS navigation fix

GTX Gets Approval For Custom Two-Way GPS Tracking Devices On Planes

East Riding Of Yorkshire Council Selects Ctrack For Specialist Vehicle Tracking Solution

Researchers Use GPS Tracking to Monitor Crab Behavior

AEROSPACE
China Southern to buy 10 A330-300 aircraft

Four injured in China fighter jet crash: reports

Sandy adds to global air traffic gloom: IATA

India to buy nearly 130 Su-30 fighter jets from Russia

AEROSPACE
Ames Laboratory scientists develop indium-free organic light-emitting diodes

Research discovery could revolutionise semiconductor manufacture

Engineers pave the way towards 3D printing of personal electronics

Antenna-on-a-chip rips the light fantastic

AEROSPACE
NASA's Tropical Rainfall Measuring Mission Turns 15

Tracking Pollution from Outer Space

NASA's TRMM Satellite Confirms 2010 Landslides

GOES-R Satellite Program Undergoes Successful Review

AEROSPACE
Asia air pollution deaths to rise: environment group

Kerosene lamps spew black carbon, should be replaced

Answer to Mongolia pollution is blowing in the wind

Poland set to become last EU state to ratify landmine pact




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement