China Southern Airlines Co. (1055.HK) has agreed to buy 38 Boeing aircraft from the U.S. aircraft maker for a list price of US$5.65 billion, as it seeks to boost capacity amid growing air-travel demand.
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The Guangzhou-based airline said Friday it will take delivery of the planes, which include eight B777-300ER aircraft and 30 B737-8 jets, in stages between 2019 and 2020.
The Chinese state-owned airline, which plans to fund the purchase with internal resources and bank loans, said the Boeing aircraft will increase its capacity by about 8%.
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(END) Dow Jones Newswires
October 20, 2017 06:53 ET (10:53 GMT)