[20 May 2015 – Hong Kong] China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK) is pleased to announce that, as a result of its continuing effort to expand the aircraft leasing business, it has successfully entered into agreements with Shenzhen Airlines Co., Ltd. (“Shenzhen Airlines”) to lease two Airbus A320 aircraft.

Two Airbus Aircraft Lease Agreements with Shenzhen Airlines

The Group entered into the aircraft lease agreements to lease two Airbus A320 aircraft to Shenzhen Airlines. The leasing term is 144 months and the two Airbus aircraft are expected to be delivered in 2015. 

Dr. Mike POON, Chief Executive Officer and Executive Director of CALC, said, “We have entered into aircraft lease agreements with Shenzhen Airlines again, and the subsequent delivery of two A320 aircraft within 2015 not only reinforces the cooperation between both parties, but also demonstrates CALC’s competence to timely address customers’ needs with fast and flexible delivery schedule by leveraging on its close relationship with aircraft manufacturer Airbus. To meet the growing demand of commercial aircraft leasing market, the Group will continue to expand its fleet, and bolster its position aircraft leasing business in both domestic and oversea markets. Meanwhile, the Group is committed to providing airline customers with quality and comprehensive value-added services to consolidate our leading position as China's largest independent aircraft lessor and stride towards our goal of becoming a full value-chain aircraft solutions provider.”