Aircraft lessor China Aircraft Leasing Group Holdings Ltd. has announced that it completed delivery of its second aircraft to Air Macau in Germany on Monday, with two remaining aircraft to be delivered to the Macau flag carrier by early next year. In a company statement released yesterday, Hong Kong-listed China Aircraft Leasing Group said the newly delivered aircraft to Air Macau, a A321 Airbus, had been financed by South Korea shipping and aviation house Korea Development Bank (KDB), its Hong Kong arm KDB Asia Ltd. and KEB Hana Bank. The newly delivered Airbus is also the 61st aircraft to be delivered by China Aircraft Leasing Group’s fleet. In a filing dated May 29, the aircraft lessor said it has entered into agreements with Air Macau to lease one A320 Airbus and three A321 Airbuses. The lease deal agreed with the city’s flag carrier would give China Aircraft Leasing Group an expected average annual return on assets of 1.77 per cent, according to the filing. The first delivery of the aircraft to Air Macau was completed in October, with the other to be delivered by early next year, the aircraft lessor noted in its statement. Air Macau, a subsidiary of state-owned Mainland China operator Air China Ltd, is currently replacing its older aircraft, replacing one to two each year – a replacement plan that will take it up to 2020, airline chairman Zheng Yan told reporters in March. Air Macau targets having 24 aircraft by 2018.
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