26-Nov-2010 10:12 AM

airberlin and ICBC Financial Leasing sign a package deal for 18 aircraft

airberlin signed (25-Nov-2010) a USD700 million package deal with ICBC Financial Leasing Co covering 18 used and new narrowbody aircraft. The deal consists of two parts: an outright sale of four B737-800s and six A320s and sale-and-lease-back of two A319s, two A320s and four B737-800s. All aircraft are powered by CFM International engines. The agreement was partially closed in Sep-2010. Both companies are looking forward to the execution of the majority of these transactions in 2011 and 2012. [more]