CALC Orders 40 New Airbus A321neo Aircraft

Hong Kong – 17 January 2020, CALC (the “Group”, SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that it has ordered 40 new Airbus A321neo aircraft.

Following this new order, CALC’s accumulative order book with Airbus now stands at 252 aircraft, making CALC the 7^th largest lessor customer for Airbus, a remarkable achievement underpinned by CALC’s decade-long strategic partnership with the manufacturer.

Mr. Mike POON, Chief Executive Officer of CALC, said, “We are delighted to further bolster our fleet with this addition of 40 new Airbus A321neo aircraft. We see enormous market appetite for this single-aisle aircraft with lower operational cost, and the order is in line with our portfolio strategy of investing in the most in-demand modern technology aircraft with unbeatable fuel efficiency. Moreover, continuous and consistent order is the driving force behind CALC’s sustainable business growth. Not only does a strong order book strengthen the Group’s ability to provide our airline clients with one-stop fleet upgrade services, it is also an important asset to reinforce our leadership in the global aviation market. This latest order takes CALC's cumulative orders to over 250 Airbus aircraft. We are proud to reinforce our strong strategic relationship with Airbus and look forward to carrying this mutual trust long in the future.”

The A321 is the largest member of the A320 Family and seats up to 240 passengers, depending on cabin configuration. Incorporating the latest engines, aerodynamic advances and cabin innovations, the A321neo offers a reduction in fuel consumption of up to 20 per cent per seat. To date, the Family has won more than 15,300 orders from300+ customers and more than 9,000 aircraft have been delivered worldwide.