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28-Nov-2005 12:20 PM

China's East Star in lease/purchase deals for 20 Airbus A319, A320 aircraft

Analysis

BEIJING (XFNews) - East Star Airlines Co Ltd, a private carrier based in the central province of Hubei, has signed an agreement with Airbus and General Motors' financing arm for the lease or purchase of 20 A310 and A320 Aircraft in a deal worth 12 bln yuan, the official Xinhua news agency reported.

Under the terms of the deal, the Aircraft will be delivered over the next five years with the first three planes to be delivered in May 2006, the agency said.

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