Bohai buying 70 A320s

The Hong Kong unit of China's Shenzhen-listed Bohai Leasing signed a deal worth about $7.76 billion to buy 70 A320neo aircraft from Airbus Group, the Chinese company announced. Subsidiary Hong Kong Aviation Capital signed the agreement on July 17 and it was approved by a special meeting of its board of directors on the following day, Bohai Leasing said. This month, BOC Aviation, the aircraft leasing arm of the Bank of China, ordered 43 planes from Airbus, including 36 A320ceo and seven A320neo models. (Source: Reuters, 07/21/14) Gulf Coast note: Airbus is building an A320 final assembly line in Mobile, Ala.