Hong Kong – 9 January 2017 - China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, SEHK stock code: 01848), the largest independent aircraft operating lessor in China, is pleased to announce that the Group has completed deliveries of the second batch of aircraft to two subsidiaries of HNA Group, Lucky Air and West Air, delivering an Airbus A320 aircraft to the airlines respectively.

CALC has signed Letters of Intent (“LOI”) with Lucky Air and West Air on 5 January 2016 for the leases of A320 aircraft. It has then successfully delivered an Airbus A320 aircraft to the airlines respectively in November 2016.

Ms. Winnie LIU, Deputy CEO and Chief Commercial Officer of CALC, commented, “As the leading aircraft leaser in aviation industry, CALC proudly witnesses and participates in the development of Lucky Air and West Air. We seize this collaboration opportunity to establish the official partnership between CALC and HNA Group. The Group will continue to utilize its flexible and efficient capability in aircraft delivery and superior full value-chain aircraft solutions, in order to provide value-added services to both domestic and international carriers. With these, the Group can assist airline clients to achieve rapid development and become an important player of the global aviation industry.”

Ms. LIU added, “Based on the close cooperation with aircraft manufacturers, globalized financing capability, and the leading position in aircraft leasing market, the Group continues to expand its client portfolio, and develop as a leading aircraft full-value chain solution provider. Our innovative business model is leading the new trend of aviation industry development. Going forward, with the innovative spirit, the Group will continue to provide high value-added aircraft solutions and contribute enormously to China and international aviation industry.”

In 2016, CALC has delivered 18 aircraft in total, which adds the fleet number to 81 as of the end of the year. The Group is proactively implement the fleet expansion plan, and is expected to expand to 173 aircraft by 2022.