China Southern Airlines will sell and lease back five A321-200s in order to reduce its high debt ratio, it said in a filing with the Shanghai Stock Exchange. The aircraft are part of an order for 50 Airbus narrowbodies placed in summer 2006 (ATWOnline, July 10, 2006). CZ said it will transfer ownership of three aircraft to China Aircraft Leasing Co. and two to Shenzhen Financial Leasing Co. Last year it struck a similar deal with the two lessors, selling two -200s to CALC and one to SFLC.

Subscribe to Access this Entire Article

"China Southern to sell and lease back more A321s" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.