China Aircraft Leasing Company signs MoU for 100 A320 Family aircraft

Hong Kong, November 6, 2014 (STAT):-China Aircraft Leasing Company (CALC), the leading independent aircraft operating lessor in China, has signed a Memorandum of Understanding (MoU) with Airbus for 100 A320 Family aircraft. The commitment comprises 74 A320neo, 16 A320ceo and 10 A321ceo. Including this new commitment, CALC’s total order tally with Airbus stands at 140 A320 Family aircraft.

“This new commitment to the A320 Family confirms the aircraft’s popularity and appeal, offering customers the best value for money, high reliability and best-in-class passenger comfort,” said Dr Mike Poon, CEO and Executive Director of CALC. “These key attributes make the A320 Family a perfect fit in CALC’s strategy to offer the most innovative and dynamic leasing solutions to aviation customers in China and around the globe.”

“When a leading leasing company, CALC, serving customers in the world’s fastest growing, dynamic aviation market, orders more of our popular A320 Family aircraft, we take that as a strong signal of the continuing long-term success of our best-selling product line,” said John Leahy, Airbus Chief Operating Officer, Customers. “The A320 Family is the ideal investment for lessors thanks to its wide operator base, excellent operating economics and strong residual values.”

The A320neo “new engine option” incorporates many innovations, including latest generation engines and large Sharklet wing-tip devices, which together deliver 15 percent in fuel savings from day one and 20 per cent by 2020 which is equivalent to a reduction of 5,000 tonnes of CO2 per aircraft per year.