HONG KONG – China Aircraft Leasing Group Holdings Limited, the largest independent aircraft operating lessor in China, received credit support at amount of USD41 million from Transport Financing Department of the Export-Import Bank of China on 7 March, supporting CALC to lease an A320 aircraft to Air India. The aircraft was successfully delivered and in operation.
The key mandate of the Export-Import Bank of China is to implement government policies, assist Chinese companies in their offshore project contracting and outbound investment and play an important role in international economic cooperation. This project supports CALC’s globalization strategy and excelling in the highly competitive and rapidly changing international aviation leasing market. The cooperation between CALC and Air India which is a flag carrier of India, fulfils our global expansion plan and also echoes the unique value of the EXIM Bank of China in promoting bilateral relationship and international economic cooperation. CALC has ordered 20 C919 aircraft from Commercial Aircraft Corporation of China to support the nation’s “The Belt and Road Initiative” and pave foundation for global expansion of Chinese-made aircraft.
CALC has entered into a framework agreement with EXIM Bank of China of RMB10 billion in 2014, including financing, consultancy services and other financial services. The agreement has secured additional capital source for the Group’s business development.