Reuters and Bloomberg are reporting that China Southern Airlines has agreed to purchase six Boeing 777 freighters for a total of $1.58 billion. The purchase is in response to the continued growth in the Chinese export market which is generating increased air-cargo traffic. The purchase almost doubles China Southern’s current cargo fleet which consists of eight aircraft. The new aircraft will be delivered from 2013 to 2015.
China Southern Airlines is the fifth largest airline in the world measured by passengers carried. China Southern’s total fleet currently consists of 422 aircraft and growing.