ICBC Leasing closes A320 purchase and leaseback with LAN

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ICBC Leasing has acquired a new Airbus A320 from LAN Airlines under a purchase-and-leaseback agreement.

The Chinese operating lessor used its vehicle Sky High XXIV Leasing for the acquisition. The aircraft (MSN 5929) is equipped with CFM International CFM56-5B4/P engines. It was delivered on 6 February.

This deal follows the acquisition from LAN of two new A320s in October 2013 and another A320 in November, Flightglobal’s Ascend Online database shows.

Last summer, ICBC Leasing acquired two new A320s from TAM under a similar purchase-and-leaseback transaction.