ICBC leads a Buying Spree of Asian Jets

Published on: 07 Jan, 2019

Asian-controlled leasing Companies spent USD 25 Billion on passenger jets as planemakers Airbus and Boeing ended a quiet year with new orders. The deal includes over 200 jets is expected to appear in end-year tallies from U.S. group Boeing and European rival Airbus this week.

Industry sources said on Monday that China’s ICBC Financial Leasing has created an order for 80 Airbus A320-family jets worth USD 8.8 Billion at list prices. ICBC will not be publicly identified as of the time of writing. The move comes as Asian lessors participated in a buying spree at the end of 2018.

Japanese-owned SMBC Aviation reached an agreement to acquire some 65 Airbus Jets in addition to a 100 jet-Airbus order from HNA-owned Avolon. Airbus hinted that annual numbers will release on Friday, but results may come out earlier after speculation over deliveries shook its share price.

Media and brokerage reports showed that Airbus missed its annual delivery target for 800 jets. Several sources however, still anticipate a positive surprise following the new year.

Boeing is expected to announce commercial data on Tuesday and analysts are positive that Boeing will continue to lead as the largest producer of jetliners. It breezed into the final weeks of 2018 with considerable lead in orders over Airbus.

Hong Kong’s China Aircraft Leasing confirmed two deals for 25 Boeing 737 Max jets each, including one that was bought heading into 2019. This potentially nearly doubles its first Boeing order for around 50 737s.

Ratings

Ratings
  • 144Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

20 Jun, 2017 813
27 Jun, 2017 801
27 Jun, 2017 845
05 Jul, 2017 772

Comments

There is no comment on this article