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Airbus, China Aircraft Leasing Discussing 100-Plane Order

Airbus is in talks with China Aircraft Leasing for a potential USD$9 billion - USD$11 billion order for about 100 A320s, French daily Le Figaro reported.

The paper said the Chinese leasing firm would sign a memorandum of understanding with Airbus soon, adding that China Aircraft Leasing wants to build up a fleet of at least 100 aircraft by 2015.

An Airbus spokesman declined to comment.

In 2012, China Aircraft Leasing committed to buying 36 A320s at the Farnborough Airshow.

Asia's first listed plane lessor seeks to tap into voracious appetite for aircraft in the world's fastest-growing aviation market, of which it has a 3 percent share.

China's 800-plane leasing market is dominated by the world's biggest lessors, ILFC and GECAS.

(Reuters)