CALC Reaches a New Milestone in Its Globalization Strategy Delivers the First Airbus A320 Aircraft to Vanilla Air in Japan

Hong Kong – 11 August 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 delivered a new Airbus A320 aircraft to Vanilla Air, a subsidiary low-cost carrier (“LCC”) owned by ANA Holdings (“ANA”) in Japan. This delivery follows the lease agreement signed between CALC and ANA in July 2016, and marks CALC’s foray into Japan’s aircraft leasing market.

Mr. Mike POON, Chief Executive Officer of CALC, said, “We are honored to have Vanilla Air and its parent company ANA, the largest airline group in Japan – as our first Japanese airline customer. We believe the new A320 will enhance Vanilla Air’s transportation capabilities and will support ANA’s expanding strategy in Japan’s LCC market. The delivery also showcases CALC’s unique ability to supply new aircraft on-demand to fast growing airlines. We will continue to cater for the various needs of airlines around the world, and to build upon their success.”

CALC currently has a fleet of 92 aircraft, and expects to expand its fleet to a total of no less than 110 aircraft by the end of the year, and a total of no less than 232 aircraft by 2023 based on firm orders.