China Southern orders 137 Airbus A320neo jets and returns to profit
Updated
Updated · MarketWatch · Apr 30
China Southern orders 137 Airbus A320neo jets and returns to profit
14 articles · Updated · MarketWatch · Apr 30
China Southern reported a first-quarter net profit of 1.48 billion yuan and announced a $21.4 billion order for 137 Airbus A320neo aircraft, with deliveries from 2028 to 2032.
The order includes 102 jets for China Southern and 35 for subsidiary Xiamen Airlines, with plans to raise up to 15 billion yuan via new A-shares to help finance the purchase.
Air China also swung to a first-quarter profit, as both airlines cited improved operations despite macroeconomic uncertainties and disruptions from the ongoing Middle East conflict.
How does this $21.4 billion deal reshape the Airbus-Boeing rivalry for China's aviation market?
What are the financial risks for China Southern if air travel demand fails to meet its new capacity?
With Airbus facing severe engine shortages, can it meet China's massive 137-jet order by 2028?
Why did China Southern bet on Airbus instead of the domestic COMAC C919 for its future fleet?
Will this massive aircraft purchase ultimately lead to cheaper airfares for travelers in Asia?