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China Aircraft Leasing buys 50 Boeing aircraft for $5.8 billion

Reuters  |  HONG KONG 

HONG KONG (Reuters) - China Aircraft Leasing Group Holdings Ltd said it would buy 50 Boeing 737MAX series aircraft from Boeing for an aggregate list price of $5.8 billion, to meet demand for more efficient aircraft while expanding its fleet portfolio.The aircraft lessor's unit had agreed to buy the Boeing aircraft, in a deal to be settled from internal resources and loans and other borrowings, the company said in a filing to the Hong Kong bourse on Thursday.China Aircraft, which now owns and manages 87 aircraft, said the actual purchase price would be lower than the list price as Boeing ...

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First Published: Thu, June 15 2017. 06:06 IST