China Southern to mandate 787s this week

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China Southern Airlines is due to mandate this week a request for proposals (RFP) for Boeing 787 financing, say banking sources.

The airline approached financiers in April and bids were shortlisted last month. According to a banker, mandates are expected to be distributed by Friday.

The Chinese carrier is seeking US Export-Import (Ex-Im) Bank guarantees on three 787-8 deliveries, while another three units are to be financed under commercial debt proposals, sources indicate.

One banker source says the commercial debt deals could include Japanese operating lease with call option proposals.

According to Flightglobal's Ascend online database, China Southern has three 787 deliveries scheduled for July, followed by one unit in August and September and the final aircraft due in November.