China Southern Airlines announced Wednesday it would buy 10 aircraft worth a total $2.27 billion from European aerospace giant Airbus, as a Chinese boom in air travel defies slowing economic growth. The carrier, one of China's "big three" with the largest fleet by size, will take
China Southern Airlines announced Wednesday it would buy 10 aircraft worth a total $2.27 billion from European aerospace giant Airbus, as a Chinese boom in air travel defies slowing economic growth.
The carrier, one of China's "big three" with the largest fleet by size, will take delivery of the A330-300 planes between 2017 and 2019, it said in a statement to the Shanghai stock exchange.
It was the company's second major purchase this month, following a $10 billion order for 110 planes from Boeing.
China, the world's second largest economy, is Asia's biggest aircraft buyer as a growing middle class takes to the skies in ever-increasing numbers.
Earlier this month China's budget carrier Spring Airlines announced plans to buy 60 aircraft from Airbus worth $6.3 billion at list prices.
State-owned China Aviation Supplies Holding Group signed a deal with Airbus at the end of October, pledging the purchase of 100 A320 aircraft worth $9.7 billion at list prices.
