China's Commercial Aircraft Corp. of China (COMAC) has won a deal to sell 60 ARJ21 regional jets valuing up to $2.3 billion to China Aircraft Leasing Group.

In a joint statement on Monday, COMAC confirmed that it had signed an agreement with the Hong Kong-listed firm to order 30 ARJ21-700 jets and an option to purchase 30 more.

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The aircrafts would reportedly be leased to an Indonesian airline. Although the airline has not been named, Friedmann Pacific Asset Management Ltd. would invest in the Indonesian aircraft operator as part of the deal, China Aircraft Leasing said in a statement.

The deal was officially inked at Britain's Farnborough International Airshow. COMAC will deliver the planes over the next five year. The planes' value was based on its list price.

COMAC's ARJ21-700 took its maiden commercial flight last month flying 70 passengers from Chengdu to Shanghai.

COMAC's ARJ21 will compete with Bombardier Inc. and Embraer SA aircraft. It is equipped with General Electric Co. engines and has a maximum range of 2,225 kilometers (1,400 miles) for its standard model.

Meanwhile, Shanghai-based COMAC is also planning to build a larger C919 single-aisle jet to compete with overseas plane manufacturers in the market for planes with over 150 seats. The C919 is scheduled to enter service in 2019.

TagsCommercial Aircraft Corp. of China, Comac, ARJ21, China Aircraft Leasing Group