Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
China Southern Airlines to sell 6 planes
Adjust font size:

China Southern Airlines announced on August 3 that it is to sell six A300 aircraft, five engines, and stocks of aviation materials in a bid to reduce operating costs.

On July 31, China Southern Airlines signed agreements with Tigris International N.V. and GALink Aviation Technology Co. Ltd. Under the agreements, six A300-600R airplanes and five engines will be sold to Tigris. The aviation materials will be bought by GALINK for US$10.2 million.

The six planes will be sold for more than their book value. The deal is expected to generate a profit of 46.58 million yuan for China Southern Airlines.

In other news, the delivery date for A380 airplanes ordered by China Southern Airlines has been confirmed as February, 2011, 39 months behind schedule.

For more information, please consult the Chinese coverage here:


(China.org.cn by Li Xiaohua August 4, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- China Southern Airlines opens Dhaka-Guangzhou flight
- SASAC denies capital injection into 3 largest airlines
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?