Our shipping line customers continued to be very cautious about purchasing new containers directly and they remained interested in pursuing sale-leaseback transactions for their existing owned containers.We estimate that leasing companies have purchased roughly two-thirds of new production so far this year, which is an even larger share than in 2010 or 2011, and we have completed several sizable sale-leaseback transactions with our customers this year.
TAL International Group CEO Discusses Q2 Results - Earnings Call Transcript
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