Xiamen Airlines To Buy 10 Boeing Planes

September 30, 2010

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China Southern Airlines said on Thursday that its 60 percent-owned unit Xiamen Airlines has agreed to buy 10 Boeing aircraft for about USD$699 million.

The acquisition would be funded partly by the internal resources of Xiamen Airlines and partly through loans by commercial banks, China Southern said in a statement to the Hong Kong stock exchange.

(Reuters)