ICBC Leasing has signed a purchase agreement with Airbus for a total of 42 A320 Family aircraft.
The order marks the first time ICBC Leasing, which has a 68-aircraft portfolio, places a direct order with Airbus.
"After a thorough assessment and study of the market, we have decided to place our very first order with Airbus for its A320 Family. This strategic decision to start with the A320 Family aircraft will help our customers to develop their business in the most profitable and sustainable way," said Li Xiaopeng, Senior Executive Vice President of ICBC and Chairman of ICBC Leasing.
Airbus announced that China Aviation Supplies Holding Co. and ICBC Leasing have signed agreements with Airbus for a total of 88 A320 Family aircraft.