Full Breakdown
China Southern and Xiamen Airlines Secure $21.4 Billion Airbus A320neo Order
4/30/2026, 3:40:31 AM
Deal Overview
On 29 April 2026, China Southern Airlines and its subsidiary Xiamen Airlines filed agreements with Airbus to acquire new A320neo series aircraft. The filing was made on Wednesday. The contracts call for 102 aircraft for China Southern and 35 for Xiamen, bringing the total to 137 jets. The filing to the Shanghai Stock Exchange states that the catalog price for the 137 aircraft stands at approximately $21.4 billion. Deliveries are scheduled in batches, with China Southern’s aircraft arriving between 2028 and 2032 and Xiamen’s between 2029 and 2032.
Corporate Context and Financial Position
The agreements were disclosed in a regulatory filing made to the Shanghai Stock Exchange on the same day. In the same filing, the airline reported a net profit of 1.5 billion yuan ($219.51 million) in the first quarter of this year.
Parties Involved
China Southern Airlines is an airline. Xiamen Airlines is a subsidiary of China Southern Airlines. Airbus, an aircraft manufacturer, provides the A320neo series aircraft. The Shanghai Stock Exchange serves as the venue for the public disclosure of the transaction.
Order Details and Delivery Schedule
- Aircraft quantity: 102 for China Southern; 35 for Xiamen; 137 total.
- Total catalog value: Approximately $21.4 billion.
- Delivery windows: China Southern – 2028 to 2032; Xiamen – 2029 to 2032.
- Delivery method: Aircraft will be delivered in multiple batches over the four-year span for each airline.
Implications for Fleet and Capacity
The order expands the airlines’ fleet by 137 A320neo series aircraft. With a catalog price of approximately $21.4 billion, the purchase represents a capital outlay of that amount for both carriers. Deliveries are slated for 2028-2032 for China Southern and 2029-2032 for Xiamen, spreading the acquisition over several years.
Official Statements
The Shanghai Stock Exchange filing indicated that the total catalog price for the 137 aircraft is approximately $21.4 billion and that China Southern Airlines reported a net profit of 1.5 billion yuan ($219.51 million) in the first quarter of this year.
Verbatim Quotes
Gaps and Uncertainties
The source does not disclose financing terms, exact annual delivery numbers, or any commentary from Airbus. No alternative reports or dissenting viewpoints are presented, leaving those aspects unaddressed.
What’s Next
The first deliveries are expected in 2028, after which the airlines will integrate the new jets into their schedules.
