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Transport & Logistics

China Southern will buy 10 Boeings

China Southern Airlines has finalized a deal to buy 10 Boeing 787 aircraft with a total list price of about US$1.2 billion, state media reported. The new aircraft, which use 20% less fuel than similar planes and reduce maintenance costs by 15%, are expected to lower operation costs of China Southern. The sale is part of a larger deal signed in January in which six Chinese airlines agreed to buy 60 Boeing jets worth US$7.2 billion.

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