CALC takes delivery of its first A320neo
Leased to Frontier Airlines
Toulouse, 6 December 2017 – China Aircraft Leasing Group Holdings Limited (“CALC”), the Hong-Kong based lessor, has taken delivery of its first Airbus A320neo aircraft, and in parallel celebrated handing it over to lessee Frontier Airlines.
CALC has 68 A320neo Family aircraft on order and a total of 147 Airbus aircraft in its orderbook. The A320neo powered by CFM engines and equipped with Frontier Airlines latest cabin products including new seats will offer passengers unparalleled levels of comfort and convenience.
Mr. Mike Poon, Chief Executive Officer of CALC, said, “We are pleased to celebrate CALC‘s 100th aircraft delivery including sale and leasbacks with the debut delivery of an A320neo to Frontier Airlines. From zero to 100 aircraft, CALC has come a long way thanks to the dedication of our team and the support from our business partners. Since its founding, CALC has been committed to product innovation, with a focus on providing reliable and flexible services for our clients around the world. This latest step in our evolution reflects our desire to deliver greater value to our airline customers and stakeholders. Having now delivered our first A320neo, not only have we commenced our cooperation with Indigo Partners, but we have also embarked on a new journey of continuous growth for the Group.”
“We have experienced great success with the A320neo and we are pleased to have the latest one join our fleet with such a momentous delivery,” said Barry Biffle, President and Chief Executive Officer for Frontier Airlines. “In 10 years’ time, we will have tripled the size of our fleet and based on the efficiency of the Airbus A320 Family, we will be in a position to deliver Low Fares Done Right to more than 50 million passengers a year.”
“It is a pleasure to see CALC modernising its fleet with our latest generation single-aisle aircraft. This delivery highlights the continuing market demand for the world’s preferred single aisle aircraft. The A320neo will enable airlines to offer its customers unprecedented levels of comfort.” said John Leahy, Chief Operating Officer- Customers, Airbus Commercial Aircraft.
The A320neo Family incorporates the very latest technologies including new generation engines and Sharklets, which together deliver at least 15 percent fuel savings at delivery and 20 percent by 2020. With more than 5,200 orders received from 95 customers since its launch in 2010, the A320neo Family has captured some 60 percent share of the market.
China Aircraft Leasing Group Holdings Limited (“CALC”), a one-stop aircraft full life-cycle solutions provider for global airlines, is listed on the Main Board of the Stock Exchange of Hong Kong Limited (“SEHK”) (Stock code: 01848.HK). The businesses and subsidiaries of the Group are involved in two main business areas comprising new aircraft leasing and used aircraft recycling and disassembling. CALC’s scope of business includes regular operations such as aircraft operating leasing, purchase and leaseback, and structured financing, as well as value-added services such as fleet planning, fleet replacement package deals, aircraft disassembling and component sales. CALC is currently the largest aircraft operating lessor in China.