ICBC Leasing Signs Deal for 50 Airbus Aircraft

ICBC Leasing has signed an agreement with Airbus for a total of 50 A320 Family aircraft, including 30 A320ceo and 20 A320neo.

The aircraft purchase agreement was signed at the Great Hall of the People in Beijing by Li Xiaopeng, Senior Executive Vice President of ICBC and Chairman of ICBC Leasing, and Fabrice Bregier, President and CEO of Airbus.

It was a part of a series of Europe-China agreements signed in the presence of visiting German Chancellor Angela Merkel and Chinese Premier Wen Jiabao.

“We decided to order more Airbus A320 Family aircraft, not only A320ceo but also A320neo, to enhance our portfolio in anticipation of increasing demand of the aviation markets in China, Asia Pacific region and the world as well. The order indicates that leasing companies are playing a more important role in the aviation sector,” said Li Xiaopeng, Senior Executive Vice President of ICBC and Chairman of ICBC Leasing.

At the end of July 2012, there were over 700 A320 Family aircraft in operation with 15 Chinese airlines.

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