Hong Kong – 23 March 2017, China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, SEHK stock code: 01848), a full value-chain aircraft solutions provider for global airlines, is pleased to announce that the Group has completed the deliveries of one Airbus A320 each to AirAsia Berhad and Thai AirAsia.

Mr. Mike POON, Chief Executive Officer of CALC, said, “CALC is very pleased to partner with AirAsia Group to support their business development. Since our foray into Southeast Asia market in 2015, we have made continued efforts to seek partnerships with key players in the region. We are very honored to start our business relationship with AirAsia Group. The delivery marks yet another step the Group has taken in the Southeast Asia market, where demand for air travel is growing. As a pioneer in the aviation industry, CALC is devoted to providing full value-chain aircraft solutions to airlines around the globe to facilitate their business growth. We look forward to deepening our strategic partnership with AirAsia Group in the coming years.”

CALC had delivered a total of 18 aircraft in 2016. With the addition of these two aircraft, newly delivered as part of its order book with Airbus, CALC’s fleet size now totals 83 aircraft, and the Group is in the process of proactively implementing an expansion plan to increase the size of its fleet to 173 by 2022. Its customer base currently totals 17 airlines, with the Group’s footprint now extending across Europe, Southeast Asia, Japan and the US.

Along with its affiliates (Thai AirAsia, Indonesia AirAsia, Philippines AirAsia and AirAsia India), AirAsia Group is the largest low-cost carrier in Asia in terms of jet fleet size and the number of passengers carried. It operates scheduled domestic and international flights to more than 120 destinations spanning 26 countries.