chinese leasing firm orders 50 airbus jets
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

in $5.42 bn deal

Chinese leasing firm orders 50 Airbus jets

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Chinese leasing firm orders 50 Airbus jets

Airbus
london - Emiratesvoice

A Chinese aircraft leasing company said on Thursday it will buy 50 Airbus A320neo jets for $5.42 billion as part of a drive to capitalise on ever-growing demand for air travel in China.

Hong Kong-listed China Aircraft Leasing Group (CALC) will take delivery of the airliners in stages through to 2023, it said in a statement.

The move comes as airlines in China benefit from a boom in domestic and international air trips as the country's middle class spends more on travel and leisure.

It will also come as a boost to European giant Airbus, which is competing heavily with US rival Boeing in China, the world's second aircraft market.

The US company has forecast China needs more than 7,200 commercial aircraft in the next 20 years, while the International Air Transport Association predicts the country will overtake the US as the world's largest air-travel market by 2024.

The country's three biggest carriers -- Air China, China Eastern and China Southern intend to increase their fleets by more than 600 aircraft in total within the next three years.

CALC chief executive Mike Poon said: "We are proud to augment our fleet by adding 50 in-demand A320neo jetliners that have outstanding fuel efficiency, and are reliable and comfortable.

"Since CALC's inception, we have maintained a close and dynamic relationship with Airbus, and the commitment marks yet another endorsement of our mutual trust.

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

The statement from CALC said the announcement takes its total orders with Airbus to 202 aircraft, adding it would "purchase 15 additional Airbus A320neo aircraft in January 2018 subject to the fulfillment of certain conditions".

The firm, which also has 50 jets on order from US giant Boeing, currently has 102 aircraft.

The firm's shares were up 2.0 percent at HK$8.17 by the break in Hong Kong trade.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinese leasing firm orders 50 airbus jets chinese leasing firm orders 50 airbus jets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinese leasing firm orders 50 airbus jets chinese leasing firm orders 50 airbus jets

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:40 2017 Saturday ,22 July

Ivanka Trump publishes women’s self-help book

GMT 15:47 2013 Friday ,04 January

Happy New Year!

GMT 20:07 2011 Thursday ,25 August

A Vulcan\'s Tale: Lifting the lid on Afghanistan

GMT 06:35 2017 Thursday ,04 May

UAE and China joining hands

GMT 17:14 2014 Thursday ,18 September

Protein protects against bone loss in arthritis?

GMT 16:17 2017 Tuesday ,26 September

Army targets mercenaries in Wadi Namla

GMT 08:02 2015 Tuesday ,22 September

The Russians are saving Assad from Iran

GMT 06:18 2011 Thursday ,23 June

G20 grapples with speculation

GMT 07:40 2016 Wednesday ,04 May

Riding on the Dubai property roller coaster

GMT 12:34 2017 Thursday ,02 March

Bahrain marks World Civil Defence Day

GMT 09:43 2017 Tuesday ,21 March

Lawmakers debate new independence referendum

GMT 00:39 2012 Saturday ,09 June

A Moment LIke This

GMT 07:04 2011 Tuesday ,01 March

Wenger still waits for ideology to be vindicated

GMT 17:37 2017 Monday ,27 February

Trump policies play supporting role in 2017 Oscars

GMT 20:22 2011 Thursday ,07 April

KSE index rises some 8 points in early trading

GMT 11:28 2016 Thursday ,28 July

SoftBank profit jumps 19% on Alibaba sale
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice