Trade Resources Industry Trends China Southern Airline Buys $2 Billion Planes From Airbus

China Southern Airline Buys $2 Billion Planes From Airbus

China Southern Airlines has announced an order to purchase 10 Airbus aircraft worth over 2 billion U.S. dollars, to help meet the growing demand for travel in China.

The wide-body aircraft are expected to be delivered between 2017 and 19.

The Guangzhou-based company placed an order for 110 planes valued at 10 billion dollars from Boeing only last week.

The market is expected to see more orders from Chinese airlines as the country is forecast to surpass the U.S. as the world's largest aircraft market in two decades.

Airbus last year said it would develop a regional variant of the plane for the Chinese market.

Source: http://english.cri.cn/12394/2015/12/23/3521s909717.htm
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