You are here: Home » Reuters » News
Business Standard

China Aircraft Leasing buys 50 Boeing aircraft for $5.8 billion

Reuters  |  HONG KONG 

(Reuters) - Aircraft Leasing Group Holdings Ltd <1848.HK> said it would buy 50 737MAX series aircraft from 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 aircraft, in a deal to be settled from internal resources and loans and other borrowings, the company said in a filing to the bourse on Thursday.

Aircraft, which now owns and manages 87 aircraft, said the actual purchase price would be lower than the list price as would grant price concessions as per industry practice.

The aircraft will be delivered in stages up to 2023.

In April, Aircraft Leasing had agreed to buy aircraft from Airbus in a bid to match customer demand under dynamic market conditions.

(Reporting by Donny Kwok; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

China Aircraft Leasing buys 50 Boeing aircraft for $5.8 billion

HONG KONG (Reuters) - China Aircraft Leasing Group Holdings Ltd <1848.HK> 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.

(Reuters) - Aircraft Leasing Group Holdings Ltd <1848.HK> said it would buy 50 737MAX series aircraft from 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 aircraft, in a deal to be settled from internal resources and loans and other borrowings, the company said in a filing to the bourse on Thursday.

Aircraft, which now owns and manages 87 aircraft, said the actual purchase price would be lower than the list price as would grant price concessions as per industry practice.

The aircraft will be delivered in stages up to 2023.

In April, Aircraft Leasing had agreed to buy aircraft from Airbus in a bid to match customer demand under dynamic market conditions.

(Reporting by Donny Kwok; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

China Aircraft Leasing buys 50 Boeing aircraft for $5.8 billion

(Reuters) - Aircraft Leasing Group Holdings Ltd <1848.HK> said it would buy 50 737MAX series aircraft from 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 aircraft, in a deal to be settled from internal resources and loans and other borrowings, the company said in a filing to the bourse on Thursday.

Aircraft, which now owns and manages 87 aircraft, said the actual purchase price would be lower than the list price as would grant price concessions as per industry practice.

The aircraft will be delivered in stages up to 2023.

In April, Aircraft Leasing had agreed to buy aircraft from Airbus in a bid to match customer demand under dynamic market conditions.

(Reporting by Donny Kwok; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22