Budget airline China Construction Bank Leasing has joined forces with China Construction Bank Leasing to buy 27 Airbus A320neo aircraft, which are expected to be delivered in phases 2020 to 2023 . The ​Scandinavian bank will provide financing and own 70% of the joint venture (JV). Norwegian said the deal would cut its capital expenditure by around $1.5 billion .
Budget airline Norwegian Air has joined forces with China Construction Bank Leasing to buy 27 Airbus A320neo aircraft, which are expected to be delivered in phases between 2020 and 2023. The Chinese bank will provide financing and own 70% of the joint venture (JV). Norwegian said the deal would cut its capital expenditure by approximately $1.5bn.