Wed, 22nd Nov 2006 23:20 BEIJING (XFN-ASIA) - China Southern Airlines Co Ltd (SHA 600029; HK 1055; ADR ZNH) said it sig
ned an agreement on Tuesday to sell three B757-200s and two engines to UK-based Dart Group PLC, according to a statement it filed to the Shanghai Stock Exchange today.
The company did not provide financial details of the transaction but said it will book pretax profit of
297 mln yuan from the deal expected to be completed before year-end.
All the aircraft and engines will be delivered to Dart Group before the end of this year, it said.
(1 usd = 7.87 yuan)
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