China Aircraft Leasing Group Holdings Ltd said it would buy two Airbus aircraft from Airbus for an aggregate list price of $216.8 million, to match customer demand under dynamic market conditions.
The aircraft lessor’s unit CALC (BVI) had agreed to buy two Airbus A320-200 neo series aircraft, in a deal to be funded by commercial bank loans and working capital, the company said in a filing to the Hong Kong bourse late on Monday.
Tuesday was a market holiday in Hong Kong.
China Aircraft, which now owns and manages 83 aircraft, said the actual purchase price would be lower than the list price as Airbus would grant price concessions as per industry practice. The aircraft will be delivered in the fourth quarter of 2017.
Last week, bigger rival BOC Aviation Ltd said it bought two Boeing 747-8 freighter aircraft for an aggregate list price of $758.2 million, as the firm builds its balance sheet by investing in modern and in-demand aircraft.
What is Sysco Leasing Software?
Sysco Leasing Software is a full-featured aviation lease management platform built upon a secure, cloud managed platform.
Sysco Leasing Software provides a wealth of features to empower aircraft lessors’ deal management and lease management all built upon the Microsoft Technology Stack for Enterprise Businesses providing real-time state-of-business intelligence across all lessor teams from legal, risk, sales and operations.
The two applications contained with the Sysco Leasing Software are Deal Manager and Lease Manager. To find out more about these applications use the links below.