Xiamen Lease signs purchase and leaseback agreement with China Eastern Airlines for 28 aircraft

Xiamen Airlease, registered as Xiamen Aircraft Leasing Co., an aircraft leasing company incorporated in the Xiamen Free Trade Zone, has successfully concluded a purchase and lease back agreement with China Eastern Airlines, consisting of 17 A320s, 10 B737-700s and 1 B737-800s. Duan Xiaoge, COO of Xiamen Airlease, stated: “This landmark deal demonstrates our strength, knowledge and capability when assessing and investing in mid-life assets. We are delighted that China Eastern Airlines has selected Xiamen Aircraft Leasing to support the airline with the gradual phase out of their mid-life aircraft. Xiamen Aircraft Leasing is the only leasing company in China dedicated