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Airbus, China Aircraft Leasing Agree USD$10 Bln Order

China Aircraft Leasing has agreed a USD$10.2 billion deal to buy 100 planes from Airbus, subject to shareholder approval.

The aircraft will be delivered over the period 2016-2022, and will be funded by bank loans, debt, equity financing and working capital among other means, CALC said in a stock exchange filing.

The deal, first announced on November 6, includes 74 A320neos.

Hong Kong-based CALC is part of an expanding breed of Chinese leasing companies focusing on medium-haul aircraft for the country's crowded domestic routes.

China is the world's fastest-growing aviation market and is set to surpass the United States as the busiest domestic air travel market within 10 years, according to recent Airbus forecasts.

(Reuters)