20 February 2019

Shanghai FTZ notches up first aircraft leasing deal, Xinhua says

Bank of Communications Financial Leasing Co. Ltd. confirmed that it has leased one Boeing-737 aircraft to an express company in the Shanghai free trade zone (FTZ), Xinhua news agency reported Wednesday, noting that the deal marked the first jet leasing business in the pilot zone. The plane was leased to Yangtze River Express, which is affiliated with Hainan Airlines Group, it said. “We have also signed an intentional cooperation agreement with Air China to lease two Boeing-777 aircraft. That will be the first aircraft operating leasing business realized in the FTZ,” Chen Min, chairman of Bank of Communications Financial Leasing, was quoted as saying. The company is planning to extend its scope of business in the FTZ to cover both aircraft and ship chartering, the report said.

– Contact HKEJ [email protected]



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