CALC Finalizes Air India A320NEO Mandate

(Hong Kong, 9 July 2024)  - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that the Group has finalized the last of nine new Airbus A320NEO deliveries to Air India in Toulouse, France, supporting the fleet renewal of India’s leading global airline within one of the world’s most rapidly growing markets.

All nine aircraft, equipped with CFM LEAP-1A engines, are part of CALC’s existing orderbook.

The deliveries underscore CALC’s ongoing dedication and proficiency in expanding capacity for airline clients, successfully accomplishing this within a period of less than a year, with the first unit delivered in October 2023.

“Our collaboration with CALC has been instrumental in accelerating our fleet modernization programme, which is a cornerstone of Air India’s global growth strategy,” said Nipun Aggarwal, Chief Commercial Officer, Air India. 

“As the aviation market in the region experiences swift growth, we are excited to contribute to enhancing Air India’s fleet, thus reinforcing its position as a premier global airline. We convey our best wishes to Air India and the Tata Group on their future endeavors and look forward to deepening our partnership via CALC’s comprehensive solutions of aircraft services,” said Ms. Winnie Liu, President and Chief Commercial Officer of CALC.