Local aircraft lessor buys 30 ARJ-21s

China Aircraft Leasing Group has bought 30 ARJ-21 regional jets and signed options for 30 more in a deal potentially worth $2.3 billion.

The planes would be used by an unnamed Indonesian airline in which CALC's parent, Hong Kong-based investment firm Friedmann Pacific Asset Management, plans to invest in, the leasing company said in a statement on Tuesday.

The 78-90 seater jets will be delivered over the next five years, and Chinese State-owned plane maker Commercial Aircraft Corporation of China Ltd will set up maintenance and after-sales offices in Indonesia as part of the deal.