China Southern seals $1.9 billion deal to buy 10 Airbus planes

Published December 05, 2012

| Reuters

China Southern Airlines Co Ltd <1055.HK> <600029.SS> , the country's largest carrier by fleet size, has agreed to buy 10 Airbus A330-300 aircraft worth a catalogue price of $1.9 billion.

The acquisition would be funded partly by internal resources and partly through loans from commercial banks, it said in a statement on Wednesday.

"According to the information provided by Airbus S.A.S, the catalogue price of one Airbus A330-300 aircraft is $188 million. Such catalogue price includes price for airframe and engine," China Southern said in a filing on the Hong Kong stock exchange.

For a copy of the statement, please click http://www.hkexnews.hk/listedco/listconews/sehk/2012/1205/LTN20121205653.pdf

(Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree)

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