Market Chatter: China Southern Airlines to Sell 10 Remaining Boeing 787-8 Jets; Shanghai Shares Rise 3%

MT Newswires Live12:19

China Southern Airlines (HKG:1055, SHA:600029) plans to dispose of its 10 remaining Boeing 787-8 aircraft as the airline's recovery of its long-haul routes following the pandemic is taking longer, Yicai Global reported Monday.

The airline did not say who the buyer was, according to Yicai.

China Southern has 907 aircraft with 23 new ones. The airline retired its other wide-bodied jets, Yicai reported.

Shares jumped 3% in Shanghai and 2% in Hong Kong during Tuesday's midday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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