CALC Signs Letter of Intent with Pegasus to Lease of Two Airbus 320 Aircraft

China Aircraft Leasing Group Holdings Limited has signed a Letter of Intent with Pegasus Airlines for the lease of two new A320 aircraft, which are scheduled for delivery in June 2016. Upon execution of a firm leasing agreement, Turkey’s leading low cost airline will become CALC’s first customer in Europe. The aircraft will be equipped with two CFM56-5B4 engines and with Sharklets installed, have a Maximum Take-Off Weight of 77 tons. CALC and Pegasus are amongst the first customers benefiting from the A320 Family new exit limits and Space-Flex module which in all increases the A320 seating capacity from 180