Minsheng unit lands airplane leasing deal

Air Berlin Plc, Germany's second-largest airline by passenger volume, will sell 11 aircraft - including used and new narrow-body aircraft - to Minsheng Commercial Aviation Ltd, the airline said on Thursday.

The transaction consists of five used Airbus 320 aircraft and two new deliveries in 2014, including one from the A320 family and one Boeing 737 aircraft, which all will be sold and leased back to the carrier, Air Berlin said.

In addition, Minsheng Commercial Aviation will have an option to buy four Boeing 737s from Air Berlin and put them into the Chinese market.