Airbus Receives Billion-Dollar Order From China Aircraft Leasing

By Max Bernhard Features Dow Jones Newswires

Airbus SE (AIR.FR) said Friday that it has received a billion-dollar order for 50 A320neo aircraft from China Aircraft Leasing Group Holdings Ltd. (1848.HK), or CALC.

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The 50 aircraft have a combined list price of $5.42 billion, before customary discounts that can significantly reduce the true value of the deal.

The purchase brings the order book of CALC, which leases aircraft to airlines, to 200 Airbus single-aisle aircraft to date, Airbus said.

"This bulk purchase will significantly expand CALC's fleet portfolio and further solidify our position as a full value-chain aircraft solutions provider," said CALC Chief Executive Mike Poon.

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

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December 29, 2017 04:47 ET (09:47 GMT)