SINGAPORE: Chinese carrier Xiamen Airlines has finalized a long-awaited deal for six Boeing 787 aircraft worth $1.27 billion at list prices, allowing it to begin long-haul services to the United States and Europe in 2014.
The airline's parent, China Southern Airlines Co Ltd <600029.SS>, said in May 2011 that it had signed a letter of agreement for the six aircraft, but the deal was held up pending approval from the Chinese government. That came this week, according to sources familiar with the deal.
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