Air Berlin signs deal on 11 aircraft with China's Minsheng

FRANKFURT | Thu Aug 15, 2013 6:51am EDT

FRANKFURT Aug 15 (Reuters) - German airline Air Berlin said it signed a letter of intent to sell 11 new and used aircraft to Minsheng Commercial Aviation Limited.

The deal covers the sale and lease-back of five used Airbus A320 family aircraft owned by Air Berlin as well as deliveries of new Airbus A320 family aircraft and a new Boeing 737-800 aircraft in 2014, Air Berlin said on Thursday.

In addition, Minsheng - a unit of Chinese leasing company Minsheng Financial Leasing - will have the option to buy four Boeing 737s from Air Berlin and place them into the Chinese market, it said.

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