Airbus Group NV won a pledge from China Aircraft Leasing Group Holdings Ltd for the purchase of 100 planes valued at $10.2 billion as the Chinese lessor seeks to build a portfolio to power expansion in the region.

 

The order is for 100 single-aisle A320 planes, a combination of existing models and future ones with new engines, the Tianjin-based company said in a statement to the Hong Kong stock exchange on Thursday. A formal agreement may be signed before the end of the month, it said.

 

Leasing companies are boosting their fleets and expanding across Asia as the region is set to overtake the US as the world's largest plane market, spurred by demand from China, India and Southeast Asia.

Comments (0)

Name

Email

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Write the displayed characters

Add Comment