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China Eastern sells to aircraft to get cash

Shanghai, China - The Airbus A-340s given under a lease-back contract worth $86 million

China Eastern Airlines announced it approved the sale of two Airbus A-340 aircraft under a lease-back contract to get cash. The overall value of the two planes is around $86 million. The two aircraft have been sold to China's Bank of Communications Financial Leasing. The lease instalment will change according to rates but to-date it should be of about $2.5 billion every three months for each plane. The...

AVIONEWS - World Aeronautical Press Agency - 1103856
Rome, Italy, 05/04/2009 16:33
AVIONEWS - World Aeronautical Press Agency

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