China Aircraft Leasing Company Limited Delivers its First A320 to China Eastern Airlines

June 18 2014, Hong Kong – China Aircraft Leasing Company Limited (“CALC” or the “Company”), the fastest-growing independent aircraft operating lessor in China, is pleased to announce that it delivered its first A320 aircraft to China Eastern Airlines Corporation Limited (“CES”) on 27 May 2014.

The aircraft was independently acquired by CALC as part of CALC’s 36 A320 family order with Airbus S.A.S. and it is the first aircraft being delivered under an operating lease between CALC and CES. The lease agreement was signed in August 2013 and encompasses the delivery of six A320 aircraft to CES.

The aircraft was delivered at Airbus’ facilities in Finkenwerder, Hamburg on 27 May 2014. It is powered by CFM56 engines, featuring a comfortable two-class cabin with 8 business and 150 economy class seats and equipped with Sharklets, 2.4-meter tall new wingtip devices made from light-weight composites, which enhance the fuel-efficiency and payload-range performance of the A320 Family resulting in up to 4% lower fuel burn over longer sectors.