Hong Kong, 27 September 2023 - China Aircraft Leasing Group Holdings Limited ("CALC" or the “Company”, HKSE stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce the completion of the sale of two aircraft to funds managed by Avenue Capital Group (“Avenue Capital”), with the sale and transfer of the portfolio having been completed as of 27 September 2023. Kayan Aviation Capital Ltd (“Kayan Aviaiton“) will service the aircraft on behalf of Avenue Capital.

The transaction between the Group and funds managed by Avenue Capital includes two 2015-vintage Airbus A320ceo aircraft with leases attached to a leading regional carrier, as part of the Group’s portfolio management strategy to meet investors’ strong and growing demand for quality aircraft assets.

Kayan Aviation, a full-service aviation asset management platform based in London, UK and Dublin, Ireland, arranged the transaction and will service the aircraft on behalf of Avenue Capital.

Ms. Winnie Liu, Executive Director, Deputy CEO, and CCO of CALC, said, "We are delighted to close our first transaction with the Avenue Capital team as well as the Kayan team and we have valued this relationship. Portfolio trading is in the ordinary course of the Group’s business that become a significant part of our efforts in underscoring aircraft asset management. The transaction not only highlights the strong market demand for quality aircraft assets but also demonstrates our ability to identify strategic opportunities to capitalize on an active trading market for more financial flexibility. It is in line with the Group’s development strategy to achieve long-term sustainable profitability.”

CALC’s existing fleet mainly comprised of the new generation in-demand narrowbody aircraft leased to well-known, creditworthy airlines. With proven track record in portfolio trading with more than 100 deliveries scheduled in the next few years, CALC has a strong pipeline of high-quality assets it can bring to the market.Supported by our diversified channels and industry expertise, the Company is set to manage market risks and boost business returns together with our partners.