China Aircraft Leasing Company successfully completes three A300-600F aircraft deal with MNG

January 20, 2014, Hong Kong – China Aircraft Leasing Company Ltd. (“CALC” or the “Company”), a fast growing Hong Kong-based aircraft leasing company, is pleased to announce that it has delivered its third used A300-600F aircraft to MNG Jet (“MNG”).

One A300-600 freighter aircraft was acquired from China Eastern Airlines Corporation Limited (“CEA”) and simultaneously delivered to MNG on January 7, 2014. This aircraft is a vintage 1989, among one of the first Airbus aircraft imported into China as passenger aircraft.

Two other A300-600Fs have already been successfully acquired from CEA and delivered to MNG in May and June last year. With this delivery CALC has successfully completed its agreement with CEA to purchase three of their A300-600F aircraft and to lease six A320 aircraft to CEA, which per this agreement will be delivered in the course of 2014.

This is an important milestone for CALC, establishing the company as a leading operating lessor in China with unique capabilities to manage complex transactions involving used and new aircraft. To date, CALC is the only Chinese aircraft leasing company with a proven track record to manage the transition of used Chinese-registered aircraft delivery outside China. CALC’s experienced professional team worked closely with CEA and MNG to fulfill the technical requirements of the Directorate General of Civil Aviation of Turkey, which is operating under the EASA system.

China Aircraft Leasing Company Limited (CALC) was established in 2006 and is headquartered in Hong Kong. It has representative offices in Beijing, Shanghai, Shenzhen and Tianjin in China, Labuan, Malaysia and in Toulouse, France and wholly-owned leasing subsidiaries in Tianjin and Dublin, Ireland. Through its overseas leasing platform in Ireland, as well as its domestic leasing platforms in Tianjin, and Shanghai, CALC provides its airline customers with innovative and diversified leasing solutions inside and outside China. As an independent lessor CALC takes advantage of the extensive international financial network in Hong Kong and China, and has access to a wide range of sustainable sources of financing from the region and beyond.