Quite interesting this as it's one of China's few Privately owned carriers. They will order 10 A320s and lease a futher 10 from GECAS. According to their press release they have an LoI at this stage.
By Jianguo Jiang
Nov. 28 (Bloomberg) -- East Star Airlines Co., a privately owned China-based carrier, said it will buy 10 A320s made by Airbus SAS and lease 10 such planes from General Electric Co.'s unit for a combined 12 billion yuan ($1.49 billion).
The Chinese airline signed an initial agreement with Airbus for the order and a lease agreement with General Electric's aircraft finance unit known as Gecas yesterday, it said in the statement on its Web site today. Gu Wei, a spokesman for Airbus in China, was on a business trip and not immediately available for comment.