CALC Acquires Two Aircraft from BOC Aviation

Hong Kong – 15 June 2017, CALC (the “Group”, SEHK stock code: 01848), a full value-chain aircraft solutions provider for global airlines, is pleased to announce that it has acquired two used Boeing B737-900ER aircraft with lease attached from BOC Aviation Limited (“BOC Aviation”, SEHK stock code: 02588). The two aircraft are estimated to deliver to the Group in the second quarter of 2017.

Portfolio trading is an extension of CALC’s current businesses, through which the Group acquires aircraft together with lease to certain airline. It also represents another aircraft source in addition to new order books with manufacturers, secondary markets, and sales and leasebacks.

Mr. Mike POON, Chief Executive Officer of CALC, said, “We believe that portfolio trading will not only accelerate our expansion and diversification of fleet portfolio, but will also grow our customer base as part of our globalisation strategy. Portfolio trading will enhance the Group's sourcing flexibility, which is an important tool for the Group to optimise its asset value through active fleet management going forward.”

CALC currently owns a fleet of 87 aircraft and expects to deliver a total of no less than 226 aircraft by 2023 based on firmed order.