Story has been updated to reflect pre-market trading in Boeing and China Southern shares.
NEW YORK (TheStreet) -- The chairman of China Southern Airlines (ZNH) last week endorsed the concept of a Chinese-built narrowbody aircraft. It’s just not clear whether China Southern would ever buy one.
“It’s our nation’s national strategy to develop our own aircraft,” China Southern Chairman Si Xianmin told reporters last week in New York, as Asia’s largest carrier launched Guangzhou-New York service. “I am fully confident of this aircraft.
In premarket trading about an hour before the opening bell, Boeing shares were up 53 cents to $121. Boeing is down 12% year-to-date. Also in premarket trading, China Southern shares were up 25 cents to $17.50. China Southern is down 13% year-to-date.
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