Airbus Receives Billion-Dollar Order From China Aircraft Leasing

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.

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.

Continue Reading Below

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; @mxbernhard

(END) Dow Jones Newswires

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