CALC enters into finance lease receivables realisation transactions for four aircraft

China Aircraft Leasing Group (CALC) has successfully entered into finance lease receivables transactions (FLR Transaction) with a trust, which agreed to purchase the financial lease receivables of four aircraft at a total consideration of approximately US$153.5 million (equivalent to approximately HK$1,197 million) on 29 August 2016. The transactions were structured into senior and junior tranches, a first-of-its-kind arrangement in China, to fit different appetites and strategies of investors. The Group has completed three batches of capital securitisation transactions for a total of 11 aircraft since 1 January 2016. “Aircraft lease receivables realisation has been an important part of our regular