Report: Shanghai Airlines To Order Five A321s | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Sat, Sep 01, 2007

Report: Shanghai Airlines To Order Five A321s

Will Also Lease Back Four 757s

Shanghai Airlines announced Friday it plans to expand its fleet with five new Airbus A321s.

The International Herald Tribune reports the Shanghai-based airline plans to sell four Boeing 757s in its current fleet to aircraft leasing company Aircastle ltd., and then lease them back. The airline will receive a little more than book value on the 757s (about $66 million) from the sale, which Aircastle will then make up on lease charges.

The move -- which the airline says will leverage use of its assets, according to IHT -- was approved by the company's board this week. As ANN reported, Shanghai took delivery of the last 757 assembled in 2004.

Shanghai Airlines will also receive the A321s at a slight discount off list price of $370 million. Delivery of the new planes is expected to start in 2011.

China is expected to see a nine percent increase in air travel in the next year alone, according to industry estimates. The country is forecast to need over 3,000 new jets within 20 years.

FMI: www.airbus.com, www.aircastle.com, www.shanghai-air.com/

Advertisement

More News

Sierra Space Repositions Dream Chaser for First Mission

With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC