ICBC Leasing leases two Airbus A320 aircraft to AirAsia

In 2011, ICBC Financial Leasing Co., Ltd. (ICBC Leasing) entered into a lease agreement agreement with Capital A Berhad (AirAsia), a Malaysian low-cost airline, for two Airbus A320 aircraft. The terms of this agreement are unknown.

Additional details

1. A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. Under a capital lease (a financial arrangement where the lessee/borrower uses an asset and pays regular installments plus interest to the lender/lessor), rental payments are usually classified as interest and obligation payments, similarly to a mortgage (with the interest calculated each rental period on the outstanding obligation balance). AidData codes capital leases as loans.

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