China Aircraft Leasing Group Holdings' (HKG:1848) four special purpose vehicles entered into a deal to sell four Airbus A320 aircraft, which are attached to leasing agreements, to SPDB Financial Leasing, according to a Wednesday filing with the Hong Kong bourse.
SPDB Financial Leasing is principally owned by Shanghai Pudong Development Bank and other state-affiliated companies in China.
The transaction is expected to be completed by June 2025.
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