HKAC Lessor Purchase and Lease Agreement With Jetstar Japan

Jetstar Japan and Hong Kong Aviation Capital (HKAC) have finalized a Lessor Purchase and Lease agreement involving four A320-200 aircraft on June 29, 2012.

The first of the four aircraft is scheduled for delivery in October this year, two will follow in 2013 and the last one is due 2014.

Donal Boylan, CEO of HKAC said “we are very pleased to introduce Jetstar Japan as a new portfolio customer which further supports our expansion in the Asian region. This will bring our fleet with the Jetstar Group to almost 20 aircraft. We are a strong believer of the LCC potential in Japan and that Jetstar Japan, with its unique blend of shareholders, can be very successful and profitable in this market.”

About Hong Kong Aviation Capital

Hong Kong Aviation Capital (“HKAC”) is a leading aircraft lessor in global aviation finance. HKAC is headquartered out of Hong Kong, with offices in Sydney, London and Dublin. HKAC specializes in aircraft leasing and financing, aircraft asset management and financial advisory services. HKAC’s mission is to be a leading aircraft lessor of scale and global reach, aircraft and airline portfolio quality and asset management capability; to be the aircraft asset investment destination of choice for Chinese capital; and to uphold the reputation and values of its shareholder, the HNA Group.