China Eastern sends $1bn Airbus RFP

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

China Eastern Airlines has approached the market with a request for proposals covering next year's Airbus deliveries.

The carrier is scheduled to take delivery of a mix of narrowbody and widebody aircraft including eight Airbus A320s, three A321s and five A330-200s. According to the terms of the RFP, China Eastern is looking at approximately $1.03 billion in financings for the 16 aircraft.

The CFM56-5B4/3 equipped A320s are scheduled for January 2012, February, March (two aircraft), May (three aircraft) and June.

Two of V2533-A5 powered A321s are slated for June 2012, while the final aircraft in scheduled for July.

China Eastern is also due to take one A330-200 in January, February, April, June and July.

Indicative responses have to be sent by 21 October, while an announcement of the mandated bids is scheduled for 23 November.

Earlier this year, China Eastern mandated Crédit Agricole Corporate and Investment Bank (CA-CIB) and Crédit Industriel et Commercial (CIC) to arrange financing for one A320 scheduled for October and one A330-200 for November delivery. The banks are arranging a French structured lease combined with Export Credit Agencies-supported debt. CA-CIB and CIC are mandated lead arrangers.

The carrier also mandated HSBC for three A320s and one A330-200 aircraft scheduled for delivery in the second half of this year. The bank is the sole arranger and underwriter of an Export Credit Agency-supported facility covering the four aircraft.

China Eastern also sealed a deal with Air Lease Corp. in which it sold three 1996/97-vintage Boeing 767-300ER aircraft to the lessor and agreed to lease 10 A320s and five Boeing 737-800s. According to Flightglobal's Ascend database, Air Lease Corp will deliver four A320s next year in March, April, September and December and the remaining six in 2013.