State-owned aircraft maker says agreement to enhance its chances for overseas orders

State-owned plane maker Commercial Aircraft Corp of China Ltd has signed an initial agreement with lessor ICBC Financial Leasing Co to lease 10 ARJ21 regional jets and 10 of its C919 single-aisle commercial jets to Thai airline City Airways.

The deal was announced on Wednesday at the 2015 China Aviation Expo in Beijing. Financial terms were not disclosed.