FARNBOROUGH 2012: ICBC Leasing chooses V2500s for extra five A320s

Following its initial selection of the IAE V2500 for 15 A320 family aircraft, ICBC Financial Leasing Company has firmed up an additional five V2500-powered A320 aircraft.

The transaction is valued at $90 million and deliveries will take place from 2013 to 2015.

“Our initial selection of the V2500 moved us a step closer toward ICBC Leasing’s plans to be among the top lessors in the world,” explained Cong Lin, president of ICBC Leasing. “Our continued relationship with IAE provides us a more powerful engine for further development.”

“We are very appreciative of ICBC Leasing’s selection of the V2500,” said IAE president Jon Beatty. “They are an important part of IAE’s future in China and one of the largest businesses in the world. We see their continued selection and confidence in the V2500 as a testimony to the engine’s proven reliability.”

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