[18 September 2014, Hong Kong] The largest independent aircraft lessor in China –China Aircraft Leasing Group Holdings Limited (“CALC” or “the Company”, stock code: 01848.HK) is pleased to announce that the Company has reached an agreement to lease five new A320 aircraft to Air India Limited (“Air India”).

The 12-year lease agreement as part of Air India’s fleet optimization program for its current fleet of twenty-one A320 family aircraft.

Dr. Mike POON, CEO and Executive Director of CALC said, “The signing of lease agreement with Air India demonstrates strategic significance for CALC. CALC is developing into the global aircraft leasing market and boosts its business development in the overseas market. This cooperation paves the way for our global business development direction, demonstrating CALC’s expansion outside China.”

Leveraging the extensive experience of onshore and offshore aircraft leasing operation and diversified financing channels, CALC is dedicated to providing airline customers with comprehensive services of the highest quality. Led by its professional management team with solid support of our strong shareholder base, CALC has entered into rapid-growth period and is expanding into international markets offering airlines customers tailor-made, innovative and value-adding full life-cycle solutions for its fleet management needs.

About Air India Limited

Founded in 1932, Air India is a state-owned enterprise as well as the flagship carrier of India. Air India currently reaches 28 cities and operates 105 aircraft. India’s aviation industry is currently one of the fastest growing markets worldwide and is expected to further raise its capacity to 421 million passengers in the next ten years.