Posted on: 11 July 2016 by Mark Howells
China Aircraft Leasing Limited (CALC) has placed a firm order with the ?Commercial Aircraft Corporation of China (COMAC) for 30 ARJ21-700 aircraft alongside options for a further 30 of the type, marking the largest single commercial order for ARJ21s.
“Our tentative agreement withCOMAC to lease 60 ARJ21-700 series aircraft fully reflects our ambition to make Chinese-made jetliners part of CALC’s quality aviation assets,” announced Winnie Liu, deputy CEO and CCO of CALC. “Diversifying our fleet portfolio, meanwhile, will allow us to provide leasing solutions to airlines with more flexibility, further improving our ability to capture the huge potential in the growing regional aviation marketplace.”
In 2012, CALC ordered 20 C919 aircraft from COMAC as part of a strategic bilateral partnership. As part of this new order, valued at approximately US$2.3 billion at list price, the OEM and the leasing company have entered into a tripartite cooperative framework agreement with Friedmann Pacific Asset Management Limited (FPAM). CALC will act as an aircraft lessor to an Indonesian airline, which FPAM intends to invest in with a view to building an all-ARJ21 fleet.
“The ARJ21-700 aircraft is a short- and medium-haul aircraft with the best operational efficiency in its market,” explained chairman of FPAM, Mike Poon. “FPAM has chosen Indonesia, an island country, as the first overseas market to operate a fleet solely with ARJ21 aircraft. In the last year, the operation team and I have spent a lot of time in preparation work in Indonesia, getting ready for eventual national aircraft exports.”
To support the Indonesian carrier’s fleet, COMAC hopes to establish technical support as well as on-going maintenance and customer services facilities in the country.
COMAC’s general manager, He Dongfeng, remarked, “Friedmann Pacific, CALC and COMAC are here today to sign an agreement with historical significance. It stands to create a positive and long-term impact on the aviation development in the Asia Pacific and globally, and on the implementation of the nations’ Belt and Road Initiative.”
The first ARJ21 aircraft are expected to be delivered to the Indonesian airline in the next one to two years, and the remaining aircraft of the confirmed order will be delivered over the next five years.