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Stock impact report

China Southern Airlines plans to grow fleet to 2,000 planes by 2035 - CEO [Reuters]

China Southern Airlines Company Limited (ZNH) 
US:NYSE Investor Relations: csair.com/en/about/investor
Company Research Source: Reuters
China Southern Airlines plans to grow fleet to 2,000 planes by 2035 - CEO | Reuters 2 Min Read SHANGHAI, Sept 17 (Reuters) - China Southern Airlines plans to more than double the size of its fleet to 2,000 aircraft by 2035 and is exploring ways to cooperate with low-cost carriers, its chief executive said at a conference on Monday. Tan Wangeng told the World Routes conference that China’s largest carrier by passenger numbers is also looking to fly to South America within the next three years, according to the official conference website. “By 2020 there will be 200 million outbound tourists from China. This provides us with a lot of opportunities for development,” Tan told the conference in Guangzhou. “We plan to have 1,000 aircraft by 2020 and by 2035 it will increase to 2,000,” he was quoted as saying. The company said last month that it had a fleet of 786 passenger and cargo aircraft at the end of June. China Southern was not immediately able to confirm Tan’s comments. Tan said the Show less Read more
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