💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

China Aircraft Leasing buys 50 Airbus A320neo series for $5.4 billion

Published 12/28/2017, 08:02 PM
Updated 12/28/2017, 08:10 PM
© Reuters. The new Airbus U.S. Manufacturing Facility in Mobile
BA
-
AIR
-
1848
-

HONG KONG (Reuters) - China Aircraft Leasing Group Holdings Ltd (HK:1848) said it will buy 50 Airbus SE (PA:AIR) A320neo aircraft for an aggregate list price of $5.42 billion, as it expands its fleet to strengthen its position as a full-value chain aircraft solutions provider.

A subsidiary has agreed to the purchase in a deal to be settled using internal resources, loans and other borrowings, China Aircraft Leasing said in a filing to the Hong Kong stock exchange on Friday.

China Aircraft Leasing, which currently owns and manages 107 aircraft, said the actual purchase price would be lower than the list price as Airbus is likely to grant price concessions as per industry practice.

The aircraft will be delivered in stages through 2023.

© Reuters. The new Airbus U.S. Manufacturing Facility in Mobile

The company said its total order book would rise to 252 aircraft, comprising 202 from Airbus and 50 from Boeing Co (N:BA).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.