Subscribe free to our newsletters via your
. 24/7 Space News .




AEROSPACE
China Southern to buy 36 Airbus planes
by Staff Writers
Hong Kong (AFP) Nov 4, 2010


China Southern Airlines said Thursday that it had agreed to buy 36 planes from Airbus for 3.78 billion US dollars, as it moves to meet soaring domestic travel demand in China.

The carrier said the purchase would see six Airbus A330 aircraft delivered between 2013 and 2014 and the remaining 30 A320 planes delivered from 2012 to 2015.

"The acquisition will be funded partly by internal resources of the company and partly through commercial loans by commercial banks," China Southern said in a statement filed to the Hong Kong stock exchange.

The announcement came as Chinese President Hu Jintao was scheduled to arrive in Paris Thursday for a three-day state visit during which France hopes to clinch billions of dollars in deals for nuclear, aviation and energy technology. Airbus is based in Toulouse, France.

The announcement also came a day after Singapore-based aircraft leasing firm BOC Aviation said it had ordered 30 Airbus A320 medium-range airliners from Airbus for delivery between 2012 and 2014.

BOC Aviation did not reveal the price tag of its purchase, but it could be worth as much as 2.4 billion US dollars based on the average price of each aircraft.

Airbus rival Boeing this week said it expects China's civil aircraft fleet to triple over the next 20 years, the world's second largest after the United States.

"China is one of the world's fastest growing and dynamic aviation markets, driven by the urbanisation of China, the growth of its economy and an ever increasing personal wealth," Randy Tinseth, vice president of marketing for the US aerospace giant, told a briefing in Beijing on Tuesday.

Chinese airlines will need 4,330 new jets valued at 480 billion dollars over the next two decades, compared with global demand of 30,900 units during the period, he said.

Last week, the head of China's civil aviation administration offered an even more bullish forecast, saying the country would have up to 5,000 aircraft to transport passengers and cargo by 2015, according to state media.

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

.


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
BOC Aviation orders 30 Airbus A320
Paris (AFP) Nov 3, 2010
Singapore-based aircraft leasing firm BOC Aviation announced on Wednesday it had ordered 30 Airbus A320 medium-range airliners for delivery between 2012 and 2014. The company did not say how much it was paying, but the average price of the aircraft on January 30 was about 80 million dollars (57 million euros). This would point to an overall catalogue value of about 2.4 billion dollars. A ... read more


AEROSPACE
New type of moon rock identified

Moon Express Enters $30 Million Google Lunar X PRIZE Competition

Dead Spacecraft Walking

Surviving Lunar Dangers

AEROSPACE
Mars Rovers Mission Using Cloud Computing

Mars Volcanic Deposit Tells Of Warm And Wet Environment

Opportunity Keeps On Driving To Endeavour Crater

Ancient Mars Was Wet, Cozy And Life Friendly

AEROSPACE
The Fading Final Frontier

Astronauts4Hire Offers Limited Time High Profile Sponsorship Special

Pioneering Science And The D1 Spacelab Mission

Interstellar Voyage Continues With New Project Manager

AEROSPACE
China Goes To Mars

China says manned space station possible around 2020

China Kicks Off Manned Space Station Program

NASA chief says pleased with 'comprehensive' China visit

AEROSPACE
Progress Docks On Auto

Cargo vessel links up with ISS after auto-docking problem

NASA Seeks More Proposals On Commercial Crew Development

EU mulls opening ISS to more countries

AEROSPACE
Ariane 5 Lofts Dual Birds

Payload Preparations Underway For Fifth Ariane 5 2010 Mission

Sea Launch Company Emerges From Chapter 11

Ariane 5 Rolls Out For Dual Bird Launch

AEROSPACE
e2v To Develop Image Sensors For PLATO Exoplanet Mission

Solar Systems Like Ours May Be Common

Astronomer Greg Laughlin To Talk About Earth-Like Planets

NASA Survey Suggests Earth-Sized Planets are Common

AEROSPACE
Samsung aims to sell 1 million Galaxy Tabs by year's end

Holographic video takes step forward with updated display

Facebook steps into middle of smartphone lifestyles

Space Fence Program Completes Critical Milestone




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