Friday, November 26, 2010

Air Berlin signs agreement with ICBC Financial Leasing Co

Air Berlin (+3.1%) continued to advance on Thursday (25-Nov-2010), rising with the majority of European airline shares. The carrier was up on the announcement it signed a USD700 million package deal with ICBC Financial Leasing Co covering 18 used and new narrowbody aircraft.

The deal consists of two parts: an outright sale of four B737-800s and six A320s and sale-and-lease-back of two A319s, two A320s and four B737-800s......

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