SEATTLE – The Boeing Co. won some and lost some orders for its single-aisle 737 aircraft on Tuesday.
China Southern Airlines Co., together with Xiamen Airlines, agreed to buy 12 Boeing aircraft in a deal worth $1.84 billion at list prices.
The country’s largest carrier by fleet size, China Southern Airlines holds a 60 percent stake in Xiamen Airlines. The two will buy six of Boeing’s 737-800 aircraft, which will be delivered in 2010.
China Southern Airlines, based out of the southern city of Guangzhou, will buy six 777 freighters, to be delivered between November 2008 and July 2010, it said.
The company said the two airlines would use bank loans and operating funds to finance the deal.
While China Southern and Xiamen airlines turned to Boeing for their 100- to 200-passenger planes, Singapore’s Tiger Airways looked to Airbus.
The low-cost carrier plans to buy eight new Airbus A320 aircraft, which is in the same market segment as Boeing’s 737-800. The deal with Airbus is worth more than $500 million.
Tiger Airways, which is 49 percent owned by Singapore Airlines Ltd., said in a statement that delivery of the new aircraft will begin in 2008 and be completed in 2010.
Tiger Airways flies to Australia, China, Indonesia, the Philippines, Thailand and Vietnam.
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