TransNusa Airlines Receives Its Third ARJ21 Aircraft, a First for Cross-Border Settlement in Renminbi

TransNusa Airlines Receives Its Third ARJ21 Aircraft, a First for Cross-Border Settlement in Renminbi

TransNusa Airlines has taken delivery of its third ARJ21 aircraft from Commercial Aircraft Corporation of China (COMAC).

The aircraft is leased from China Aircraft Leasing Group Holdings (CALC), marking the first occasion an aircraft is leased using cross-border settlement in Renminbi. This deal with CALC represents the first Renminbi-denominated aircraft lease, facilitated through collaboration with Bank of China branches in Jakarta and Shanghai. The Chinese government is promoting Renminbi settlement to enhance its international status.

TransNusa Airlines is the first airline outside China to introduce the ARJ21 aircraft. At this year’s Singapore Air Show, the airline showcased its aircraft. One year into operations, the ARJ21 aircraft have not experienced any major issues.

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