The deal is expected to generate CNY 46.58 million in profits for the company. Under the agreements signed by the airline company with Tigris, GALINK, and China Southern Airlines Import and Export Co., Ltd. last Friday.
These airplanes and engines will be sold to Tigris for USD 124 million. The aviation materials will be bought by GALINK for USD 102 million.
In terms of the agreements, China Southern Airlines delivered first three airplanes to Tigris on July 31, and is scheduled to deliver the other three airplanes on August 27. A300 is a classic model produced by Airbus, which went out of production in March 2006.
Source: www.cnstock.com (August 03, 2009)

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