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China Planemaker Signs $2b Deal
World Economy

China Planemaker Signs $2b Deal

China’s state-owned aircraft maker has signed a deal to sell up to 60 of its new regional jets to a leasing company in a deal worth up to $2.3 billion, Reuters reported. In a joint statement late Monday, Commercial Aircraft Corp. of China Ltd., or COMAC, said the agreement signed with China Aircraft Leasing Group, a Hong Kong-listed company, includes a confirmed order for 30 ARJ21-700 jets and an option to buy 30 more. The companies said the aircraft will be leased to an unidentified Indonesian airline that one of China Aircraft Leasing’s shareholders, Friedmann Pacific Asset Management Ltd., plans to invest in.

 

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