China Eastern Airlines (CEA) has recently announced that it reached agreement in August of 2007 for the sale and lease back of six Boeing MD-11 freighters to the aircraft leasing unit of General Electric (GE), Dow Jones reported. The Shanghai-based carrier said it sold the six wide-body aircraft to GE Commercial Aviation Services Ltd. for US$36 to $46 million each. As part of the transaction, China Eastern agreed to lease the planes back from the purchaser for up to 38 months from the date of … [Read more...] about China Eastern sold/leased-back six freighters