Copyright Getty Images
Industryweek 12146 Boeinghq G

Boeing Wins $3.2 Billion Dreamliner Order from China Southern

Oct. 12, 2016
China Southern and its subsidiaries have ordered more than $15 billion of new aircraft from Boeing and Airbus Group SE in the past year.

China Southern Airlines Co. agreed to buy Dreamliners valued at $3.2 billion in list prices from Boeing Co. as Asia’s biggest carrier by passenger numbers expands its fleet to meet a surge in travel demand.

The carrier chose the 787-9 model, with a list price of $271 million each, according to a Hong Kong stock exchange statement Wednesday. The planes will be delivered between 2018 and 2020 and funded using cash and loans from commercial banks, the Guangzhou, China-based airline said in the statement.

China Southern and its subsidiaries have ordered more than $15 billion of new aircraft from Boeing and Airbus Group SE in the past year as more people fly in the world’s most populous nation. Last year, Chinese President Xi Jinping signed an order for 300 jets valued at $38 billion on a state visit to the U.S. as Chinese carriers expand their fleet in a nation set to become the biggest travel market in two decades.

China Southern already flies 16 Dreamliners on operating and financial lease, according to data the airline released in August. The carrier had a total fleet of 684 planes, the largest in Asia.

By Anand Krishnamoorthy

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!