（Hong Kong, 18 Mar 2025） - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce its annual results for the year ended 31 December 2024 (the "Review Year").

Results Highlights

• Total revenue amounted to HK$5,203.8 million, up 9.2% year-on-year. (2023: HK$4,763.7 million). Profit attributable to shareholders of the Company was HK$257.5 million, representing a robust year-on-year growth of 809.9% (2023: HK$28.3 million).
• EBITDA increased by 15.1% to HK$5,038.4 million compared with the prior year.
• Earnings per share were HK$0.346 (2023: HK$0.038), surged by 810.5% year-on-year.
• Total dividend payout for the year 2024 amounted to HK$0.30 per share. The Company has continued to propose scrip dividend scheme in respect of the final dividend of 2024.

Business Review

• Quality fleet and orderbook assets. As at 31 December 2024, the Group’s fleet size reached 189 aircraft, including 159 owned aircraft and 30 managed aircraft. By number of aircraft, 90% of the Group’s owned fleet were narrow-body models, a highly liquid and in-demand asset class in the market. As at 31 December 2024, the Group had a total of 124 aircraft on backlog, including 97 Airbus and 27 COMAC aircraft, exceeding 70% of the Group’s owned fleet size, providing strong support for future growth.

• Steady development of core businesses. During the Review year, the Group signed new lease agreements and letters of intent for 48 aircraft during the year, including order book placement, repossession and remarketing, as well as lease extensions. In 2024, the Group successfully delivered 17 new aircraft from its order book to airline customers.

• Robust aircraft trading activities. The Group capitalized on the opportunities arising from the recovery of the aircraft trading market during the rate-cut cycle, maximizing the strengths of its global trading network, signed sales and purchase agreements for a total of 50 aircraft during the Review Year and successfully completed the sale of 25 owned aircraft and 2 managed aircraft, reaching a record high.

• Optimized global clientele with building partnerships with world’s top-tier airlines. The Group has successfully achieved its first cooperation with global top-tier airlines such as Lufthansa Group, Cebu Pacific Air and South African Airways, further enhancing and diversifying the geographical mix of its customer base. As at 31 December 2024, by number of aircraft, 68.6% of the Group’s owned fleet were leased to Chinese airlines customers (including Hong Kong, Macau and Taiwan), with overseas customers exceeding 30% for the first time. As at 31 December 2024, the Group’s owned and managed aircraft were leased to 40 airlines widely spread over 21 countries and regions globally.

• Innovative breakthroughs in financing channels. During the Review Year, the total new and renewed facilities obtained by the Group reached around HK$24 billion, including the Group’s inaugural US$400 million warehouse facility for aircraft financing in October 2024. It marked the first warehouse facility issued by an Asian aircraft lessor since 2015, adding another innovative financing channel for the Group. The Group later issued RMB1 billion perpetual medium-term notes in the PRC market through its subsidiary, CALC TJ, with a coupon rate of 2.7%, setting a historical low.

• Proactive financial management. During the Review Year, the Group successfully issued RMB0.3 billion 3-year and RMB1.2 billion 5-year medium-term notes with a coupon rate of 2.75% and 3.3% respectively. As at 31 December 2024, RMB debt accounted for approximately 28% of the Group’s interest-bearing debts. During the Review Year, the Group completed refinancing of its perpetual capital securities to optimize capital structure while effectively reducing funding costs.

• First-ever investment-grade international rating. During the Review Year, CALC received its first investment-grade international rating of Ag- with stable outlook from a recognized Chinese international rating agency. It is a significant step for CALC in becoming an international investment-grade issuer.

• Emerging success in overseas operation of China-made aircraft. During the Review Year, the Group delivered the third COMAC C909 aircraft (formerly known as “ARJ21”) to TransNusa and achieved China’s first cross-border leasing of a China-made aircraft settled in offshore Chinese yuan, with the aim to promote China-made aircraft globally while enhancing the international competitiveness of the RMB. During the Review Year, TransNusa launched three new commercial routes connecting Chinese provincial capitals i.e., Manado-Guangzhou, Jakarta-Guiyang and Manado-Fuzhou routes. In 2024, TransNusa carried over one million passengers and operated more than 9,000 flights in total, with an average load factor exceeding 70%.

Mr. Mike Poon, Executive Director and CEO of CALC said, “2024 marked a year for both industry and the Company in recovery and accelerated development. Riding on strong market momentum, the Group grasped opportunities emerged during the year, achieving substantial progress across multiple business segments and recorded eighteen consecutive years of profitability. During the year, we have refined CALC’s competitive edge in the market through active leasing and trading activities, making good progress in financing as well.

2025 will mark the nation’s conclusion of the 14th Five-Year Plan and the initiation of its 15th Five-Year Plan. CALC will also adhere to the national development plan, on the one hand, continuing to provide innovative solutions and value-added services to our customers, striving to convert various positive factors into tangible results. On the other hand, we shall strengthen the company’s fundamental management and enhance our operational capabilities and credit profile, strive to accelerate our progress toward becoming a professional aircraft asset manager amid the new wave of industry growth.”