China Aircraft Leasing buys two Airbus aircraft for $217 mln

HONG KONG, April 5 (Reuters) - 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


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.

(Reporting by Donny Kwok; Editing by Biju Dwarakanath)