CALC making foray into Japan aircraft leasing market

HONG KONG – China Aircraft Leasing Group Holdings Limited is pleased to announce that it has signed a lease agreement with ANA Holdings for an Airbus A320 Aircraft, which will be subleased to its low cost regional subsidiary Vanilla Air. The aircraft is expected to be delivered in August 2017.

Ms. Winnie Liu, Deputy CEO and Chief Commercial Officer of CALC said, “The Group is very excited to establish a business partnership with ANA Group, our first Japanese customer. This is another significant milestone for CALC’s international expansion. Japan’s aviation finance market is very well-established. We are pleased to work with the top-tier airline of the market for aircraft leasing, following the close of our first Japanese Operating Lease with a Call Option (“JOLCO”) financing earlier this month. The transactions underscore recognitions for CALC’s aircraft leasing and financing solutions in the global market.”

Founded in 1952, ANA is a wholly-owned subsidiary of ANA Holdings, also the largest airline in Japan with fleet size of 193 aircraft. The airline is a member of the Star Alliance, one of the world’s top ten passenger carriers, serving an extensive scheduled network of destinations in Asia, Europe, North America and Oceania. Skytrax, a UK-based airline consultancy, awarded 5-Star rating to ANA consecutively from 2013 to 2016. Only 8 airlines in the world were awarded the highest rankings.