Air Berlin signs deal on 11 aircraft with China's Minsheng

August 15, 2013 - 2:23:19 pm
FRANKFURT: German airline Air Berlin said it signed a letter of intent to sell 11 new and used aircraft to Minsheng Commercial Aviation Limited.

The deal covers the sale and lease-back of five used Airbus A320 family aircraft owned by Air Berlin as well as deliveries of new Airbus A320 family aircraft and a new Boeing 737-800 aircraft in 2014, Air Berlin said on Thursday.

In addition.. Minsheng, a unit of Chinese leasing company Minsheng Financial Leasing, will have the option to buy four Boeing 737s from Air Berlin and place them into the Chinese market, it said. (Reuters)