CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED China Aircraft Leasing Group Holdings Limited (CALC) announced that it has entered into the Aircraft Purchase Agreements with Airbus SAS for two Airbus A320-200 CEO series aircraft on 31 December 2015, bringing the lessor's order book to 142 A320 series aircraft. It is estimated that the aircraft will be delivered to the lessor in November 2016. CALC will purchase the two aircraft at an aggregate consideration of no more than USD 194 million (equivalent to approximately HKD 1.51 billion).
The consideration will be partly settled by the Group's internal resources and partly by financing arrangements with banking institutions. In accordance with industrial practice, Airbus will grant CALC price concessions for those aircraft to be purchased. Such price concessions are determined after arm length negotiations, and the consideration will be considerably lower than the listed price as a result.
