China Aircraft Leasing Group and Air India Enter into Lease Agreement of Five A320 Aircraft

[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 of multiple perspectives. It is the first time ever Air India to cooperate with a Chinese enterprise, which makes this agreement an ice-breaking event. Being the largest trading partner nation with India, China has good relations with India and engages in frequent trading activities. Our aircraft lease agreement is consistent with the strategic visions of both governments to develop a mutually beneficial socioeconomic relationship between the two countries. Moreover, 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.