[2 December 2014 – Hong Kong] China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK) is pleased to announce that CALC entered into aircraft purchase agreements in relation to the purchase of 100 Airbus A320 aircraft with European aircraft manufacturer Airbus S.A.S (“Airbus”) (“Aircraft Purchase Agreements”) yesterday in order to respond to increased demand from the airline industry in China as well as other growth markets and to further establish the Group’s growth momentum. The extended long stop date of the entering into the Aircraft Purchase Agreements from 30 November 2014 to 1 December 2014 was due to both parties needing more time to finalize the transaction documentation and Airbus to complete all internal approvals..

Purchase Agreements to Acquire 100 A320 Aircraft from Airbus

CALC will acquire 16 Airbus A320-200 current engine option (“CEO”) aircraft, 10 Airbus A321-200 CEO aircraft and 74 Airbus A320 NEO series aircraft at an aggregate consideration of no more than US$10.2 billion. In accordance with industrial practice, Airbus will grant CALC price concessions for those aircraft to be purchased. The price concessions were determined after an arm length negotiation. The consideration will be partly settled from the Group’s internal resources and partly by financing arrangements with banking institutions. Apart from the cooperative agreement entered into by the Group with China Development Bank in June 2013 for a conditional loan facility amounting to US$1.5 billion during the period of 2013 and 2018, CALC also entered into a framework strategic cooperative agreement with the Export-Import Bank of China for credit facilities amounting to no more than RMB10 billion. It is estimated that the Airbus Aircraft will be delivered in stages to CALC during from 2016 to 2022.

Dr. Mike POON, Chief Executive Officer and Executive Director of CALC, said, “We are excited about our new purchase as this matches the Group’s growth strategy, and demonstrates our ability to match customer demand with new aircraft under dynamic market conditions. Comparing to the fleet size target of 64 aircraft as stated at our listing 4 months ago, I am very proud to set our target fleet size to 100 aircraft by the end of 2016 and to announce the purchase of additional 100 aircraft. CALC is very optimistic about the development prospects of China's aviation industry. With the support from aircraft manufacturers, financial institutions and its customers, CALC will continue to expand in Greater China and beyond to foster the Group’s sustainable business growth.”