China Southern: Plan To Buy 6 Boeing 777 Freighters

Date : 03/29/2011 @ 4:54AM
Source : Dow Jones News
Stock : China Southern Airlines Company Limited (ZNH)
Quote : 39.48  -1.0 (-2.47%) @ 4:02PM

China Southern: Plan To Buy 6 Boeing 777 Freighters

China South Air (NYSE:ZNH)
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China Southern Airlines Co. (ZNH) said Tuesday it plans to buy six Boeing Co. (BA) 777 freighters, without elaborating.

The carrier said it would consider using fuel hedging instruments if needed, adding it doesn't do any fuel hedging now.

China Southern also said it is planning capital spending of CNY20.4 billion for this year.

On Monday, China Southern Airlines said its net profit surged to CNY5.80 billion last year because of increased demand for air travel and one-off gains.

-By Fiona Law, Dow Jones Newswires; 852-2802-7002; fiona.law@dowjones.com

 
 

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