China Southern Airlines orders 110 Boeing jets in $10B deal | Inquirer Business

China Southern Airlines orders 110 Boeing jets in $10B deal

/ 08:18 PM December 17, 2015

Boeing

In this May 21, 2008, file photo, the company logo for The Boeing Co., is displayed in El Segundo, Calif. AP FILE PHOTO

HONG KONG — China’s biggest airline says it’s buying 110 jets from Boeing in a deal worth about $10 billion.

China Southern Airlines said Thursday that it’s buying 30 Boeing 737 Next Generation jets and 50 737 Max aircraft.

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The company also said its Xiamen Airlines unit is buying 30 of Boeing’s 737 Max jets.

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The Next Generation planes have a list price of $81.2 million while the Max series aircraft sells for $96.1 million.

However, airlines usually negotiate discounts on such deals.

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The order comes two months after Boeing signed a deal with a Chinese state-owned company to build its first final assembly plant in China, for 737 aircraft.

State-owned China Southern is the country’s biggest airline by passengers and fleet size. TVJ

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TAGS: Airline, Boeing, China, jets

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