airberlin and Minsheng signed a Letter of Intent for eleven aircraft
The newly established Minsheng Commercial Aviation Limited and airberlin signed a package deal for eleven aircraft - covering used and new narrowbody aircraft, all equipped with CFM engines.
This transaction consists of two parts: Sale-and-lease-back of five used Airbus A320 family aircraft owned by airberlin and two new deliveries in 2014 of one new Airbus A320 family aircraft with sharklets and one new Boeing 737-800 aircraft.
In addition, Minsheng will have an option to buy four Boeings 737 from airberlin and place them into the Chinese market.
Ulf Hüttmeyer, CFO airberlin, commented: “This transaction supports the management of our net debt position and our fleet alignment activities also in relation to our turnaround program Turbine. We are looking forward to a trustful and long lasting relationship between the two companies.”