China Southern Airlines (CZ, Guangzhou) has disclosed in a Hong Kong Stock Exchange filing that it has entered into a provisional aircraft purchase agreement with Boeing (BOE, Washington National) for eight B777-300(ER) and 30 B737-8 aircraft.
According to the filing, China Southern plans to partially finance the aircraft through financial leases with five B777-300(ER) and 12 B737 MAX 8 aircraft to be delivered in 2019 and the remaining three widebodies and 18 narrowbodies to be delivered one year later in 2020.
The agreement is still pending Chinese government and shareholder approval.
China Southern already operates ten B777-300(ER)s and currently has 50 B737 MAX aircraft on order.
