CALC in US$10b deal for Airbus planes
Print Edition
CHINA Aircraft Leasing Group Holdings (CALC) said yesterday that it had signed a provisional deal with Airbus to buy 100 planes valued at about US$10.2 billion.
The order includes 74 of Airbus’ A320neo planes, it said in a stock exchange filing.
The A320neo is a revamped version of the European planemaker’s best-selling jet, the 150-seat A320, offering fuel savings of 15 percent and due to enter service in late 2015.
In a separate statement, Airbus said the deal also included 16 current-generation A320ceo aircraft and 10 of the slightly larger A321ceo model.
Hong Kong-based CALC is part of an expanding breed of Chinese leasing companies focusing on medium-haul aircraft designed to serve the country’s crowded domestic routes.
Despite a recent economic slowdown, China is the world’s fastest-growing aviation market.
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