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Chinese startup orders 20 A320s
East Star Airlines, a Wuhan-based startup, signed a letter of intent yesterday for the purchase of 10 A320s directly from the manufacturer plus a firm lease deal with GE Commercial Aviation Services for an additional 10.
The agreements reportedly are worth $1.48 billion. The 10 purchased aircraft will be delivered in 2009-10. The carrier will begin taking delivery of the leased A320s in the second quarter of next year. All of the aircraft will be powered by CFM56-5Bs.