A Chinese aircraft leasing firm has received the first Airbus A320 assembled in China.

Dragon Aviation Leasing will lease the aircraft to Sichuan Airlines, which will operate the plane.

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Sichuan Airlines president Lan Xinguo believes that the new aircraft will enhance the profitability and competitiveness with its low operation costs.

The single-aisle, two-class plane will be deployed on major domestic routes between Chengdu and cities such as Beijing and Shanghai.

Dragon Aviation Leasing is a joint venture of China Aviation Supplies Holding Company, AerCap and Calyon Airfinance, which serves China and other Asian countries.

Sichuan Airlines is a Chinese carrier that will add the new craft to its existing fleet of 40 A320s.

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