Fox Business
By Fiona Law
Published March 29, 2011 | Dow Jones Newswires
HONG KONG -(Dow Jones)- China Southern Airlines Co. (ZNH: 27.00, -0.16, -0.59%) said Tuesday it plans to buy six Boeing Co. (BA: 79.64, +0.33, +0.42%) 777 freighters, without elaborating.
The carrier said it would consider using fuel hedging instruments if needed, adding it doesn't do any fuel hedging now.
China Southern also said it is planning capital spending of CNY20.4 billion for this year.
On Monday, China Southern Airlines said its net profit surged to CNY5.80 billion last year because of increased demand for air travel and one-off gains.
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