Shanghai-based China Eastern Airlines is in the market with a request for proposal for financing covering various Airbus A320 family and A330 aircraft, sources indicate.
The carrier is seeking bids for export credit agency-supported financing, say sources.
Separately, China Eastern announced plans, subject to board approval, to dispose of five Airbus A340-600 aircraft from its fleet as it makes space for its order for Boeing 777-300ERs.
The airline will take delivery of 20 777-300ERs between 2014 and 2018.
The aircraft will be paid for in cash in instalments and will be funded through the airline's working capital, bank loans and other available sources of financing, says the carrier in a statement on the Hong Kong Stock Exchange.