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Standard Chartered to create China bank
(AP)
Updated: 2005-09-06 14:01 Deal signed to buy 10 Airbus jets
China Southern
Airlines Co. signed an agreement Tuesday to buy 10 Airbus A330 jetliners, a deal
worth $1.5 billion at list prices, during visit to China by European
leaders.
Iain Gray, left,
managing director and general manager of Airbus UK., joins hands with Si
Xianmin, right, President of China Southern Airlines Ltd. and Phillippe
Lim, center, Vice President of Airbus China, as British Prime Minister
Tony Blair, back, claps after signing a purchase agreement for 10 airbus
aircrafts at the Great Hall of the People in Beijing Tuesday, Sept. 6,
2005. [AP] | The planes are in addition to four
Airbus jets the carrier bought earlier from the European consortium.
The announcement came as European officials visited Beijing for a summit
aimed at boosting business between the European Union and China.
The signing ceremony was attended by British Prime Minister Tony Blair,
Chinese Premier Wen Jiabao and other officials.
"It is a hugely important deal for Airbus in what is a very important
market," said Iain Gray, the British general manager of Airbus. "It builds on
the success we've had in recent years."
The purchase includes eight A330-300 planes and two A330-200 planes, all to
be delivered in 2007 and 2008, Gray said.
The list price for the 10 aircraft would be $1.5 billion, but airlines
usually negotiate discounts. The price that China Southern will pay for the
aircraft wasn't announced.
Gray said the airline had not decided which company had not picked a supplier
for the engines. The candidates are Rolls Royce, General Electric and
Pratt.
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