China Aircraft Maker Wins 1st Foreign Order

From AP:

China’s biggest commercial maker landed its first foreign order Tuesday when General Electric Co. announced its plane-leasing arm would purchase at least five of the company’s new regional jets.

The order for the 70-seat ARJ21 jets made by Commercial Aircraft Corp. of China includes an option to purchase as many as 20 more, said GE spokesman Geoff Li.

The two companies declined to disclose the price, but the ’s China Service said the sale to GE Commercial Services will be worth nearly $800 million if all 25 planes are purchased.

The five jets are due to be delivered by and will be leased to Chinese carriers, Li said. But he said GE didn’t rule out the possibility of also leasing them to international carriers.

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