China Southern to buy 20 A320

1/23/2010 9:50:25 AM

China Southern Airlines said on that it has agreed to buy 20 Airbus A320 aircraft with a list value of US$1.54 billion, Reuters reported.   China Southern said that each aircraft cost $76.9 million, based on the catalogue price. It added that the planes were due to be delivered from 2011 to 2013.   The carrier, like its peer Air China, also said its annual results for 2009 were expected to show a return to profit on the back of a fall in fuel prices and a steady recovery in passenger demand.   Cargonews Asia

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