CHINA: China Eastern sold/ leased-back six freighters

China Eastern Airlines (CEA) has recently announced that it reached agreement in August of 2007 for the sale and lease back of six Boeing MD- 11 freighters to the aircraft leasing unit of General Electric (GE), Dow Jonesreported. The Shanghai-based carrier said it sold the six wide-body aircraft to GE Commercial Aviation Services Ltd. for […]


China Eastern Airlines (CEA) has recently announced that it reached agreement in August of 2007 for the sale and lease back of six Boeing MD- 11 freighters to the aircraft leasing unit of General Electric (GE), Dow Jonesreported.

The Shanghai-based carrier said it sold the six wide-body aircraft to GE Commercial Aviation Services Ltd. for US$36 to $46 million each.

As part of the transaction, China Eastern agreed to lease the planes back from the purchaser for up to 38 months from the date of the agreement, which was dated August 28, 2007.