China Southern Airlines announced sale and leaseback deals covering 10 A330s ordered in December 2005. Eight aircraft now will be owned by and leased from Shenzhen Financial Leasing, with the remaining two owned by HSBC. CZ said the deals were "for the purpose of reducing the tremendous need of capital and relieving the pressure on the manufacture and operation of the company caused by the high asset/liability ratio."
Subscribe to Access this Entire Article
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.