Hong Kong, 20 May 2020 - China Aircraft Leasing Group Holdings Limited ("CALC" or the “Group”; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce today the official signing of a strategic cooperation agreement with Moutai Financial Leasing Co., Ltd. (“Moutai Leasing”) and China Construction Bank Corporation (“CCB”). The three parties will capitalise on the respective professional edges of one another to establish a close-knit cooperative partnership for the long term in the aviation industry chain, facilitating development of the aviation finance industry in China.
With this strategic partnership, the three parties will explore cooperation opportunities in aircraft leasing, aircraft components leasing and aviation funds for China-made aircraft, among others. CALC and Moutai Leasing target to seal leasing transactions for at least 20 aircraft in the next three years. While CALC will be responsible for providing aircraft asset management services, CCB, as a financier, will be providing lending, debt underwriting, asset securitization and other financial services to meet allocation requirements for the highly liquid premium aircraft assets. This cooperation will exploit synergies with the asset-light model that is being progressed consistently by CALC, seeking to enhance the fund-raising capability of the corporate platform while strengthening the Group’s role as a professional aircraft asset manager on an ongoing basis.