29-Nov-2005 11:23 AM
East Star Airlines increases fleet with A320s
Analysis
SYDNEY (Centre for Asia Pacific Aviation) - East Star Airlines, a private Chinese carrier, signed agreements to purchase ten A320s and lease ten more with Airbus and GECAS respectively.
The aircraft will be powered by CFM International CFM56-5B engines. Other details include:
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Launch: May-06;
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Base: Wuhan, Hubei Province;
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Aircraft delivery:
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Purchased aircraft: by 2011;
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Leased aircraft: first three in 2Q06 and remainder by 2008;
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Network: More than ten domestic destinations initially;
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Investors: Three private firms, including tourism and property investment company, China East Star Group Co Ltd
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Registered capital: CNY80 million.
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