11 June 2015, Hong Kong - China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, announced today that Christian Mc Cormick has joined CALC as Managing Director – Finance. Christian Mc Cormick, who has started his new role on 8 June, will cover CALC’s international financing initiatives, with primary focus on capital market initiatives on the global markets.
Mr. Mc Cormick is a leading expert in aircraft finance solutions with 30 years of experience in the financial services industry. He has participated in financings of over 500 aircraft with more than 70 airlines and lessors worldwide, implementing a large variety of financing structures including PDP financings, export credits, finance and operating leases, commercial loans, tax structures and liquidity facilities in EETC structures. Christian Mc Cormick spent 14 years with French bank Natixis as CEO of Natixis Transport Finance and Global Head of Aviation Finance of the bank. He also held senior roles at Crédit Lyonnais Aviation Group, Aérospatiale, and Société Générale.
Dr. Mike POON, Chief Executive Officer and Executive Director of CALC, is delighted to welcome Christian Mc Cormick onboard pointing out that his extensive expertise in international aircraft finance is bringing a significant amount of knowledge to the team which will help CALC to achieve a greater internationalisation of its financing activities. Dr. Poon continued, “The addition of Christian Mc Cormick reflects our effort of introducing innovative financing structures and globalized sources of financing to our airline customers, as well as our vision to develop CALC into a full value-chain aircraft solution provider with global presence.”
CALC is a publicly listed company on the on the main board of the Stock Exchange of Hong Kong, and is the first aircraft lessor listed in Asia. Its portfolio is made up of 49 current generation Airbus and Boeing aircraft with an average age of 2.5 years. In December 2014, CALC placed a large order of 100 Airbus A320 series aircraft, bringing its order book to 140 A320 series aircraft.
CALC is globalizing its business in the leasing and remarketing of commercial aircraft. The Group’s en-strengthened overseas professional team, with extensive international aviation market experience, oversees and supports its global business development activities. Its recent partnerships with Air India and Air Macau as well as the completion of its first European export credit financing in March 2015 mark CALC’s efforts for expansion outside China and emphasize its focus on the international aviation market.
