China Aircraft Leasing Group signs firm order for 50 Airbus A320neo

CALC (China Aircraft Leasing Group Holdings Limited), a full value-chain aircraft solutions provider for global airlines, has signed a firm order for 50 A320neo Family aircraft. This latest incremental order brings CALC’s total order book to date to around 200 Airbus single aisle aircraft.

Mr. Mike POON, Chief Executive Officer of CALC, said, “We are proud to augment our fleet by adding 50 in-demand A320neo jetliners that have outstanding fuel efficiency, reliability and passenger comfort. Since CALC’s inception, we have maintained a close and dynamic relationship with Airbus, and the commitment marks yet another endorsement of our mutual trust. This bulk purchase will significantly expand CALC’s fleet portfolio and further solidify our position as a full value-chain aircraft solutions provider. Currently majority of our fleet comes from direct purchase from manufacturers and that will remain the major source of our new aircraft.”

“We are very happy with this repeat order by CALC. It is once more a great endorsement for our leading A320 Family aircraft. With unbeatable fuel efficiency and lowest operating costs, it is the best match for CALC’s customers. Thanks to the widest single-aisle cabin in the skies the A320neo passengers will enjoy the best in class 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 5,800 orders received from 98 customers, the A320neo Family has captured nearly 60 percent share of the market.