China Aircraft Leasing Group Holdings Limited has announced the successful delivery of the first of three Airbus A320CEO aircraft to South African Airways to bolster its fleet after its relaunch in 2023. The 2016 model A320CEO, with IAE V2527-A5 SelectTwoTM engines, was previously part of Pacific Airlines' fleet in Vietnam before being delivered to SAA.
By partnering with South Africa’s national airline as a new client, CALC demonstrates its commitment to expanding across the African continent and operating as a truly global business, particularly in the southern hemisphere.
CALC continues its steadfast commitment to maximizing asset value across aircraft's full life cycle and ensuring smooth transitions for used aircraft, leveraging its adaptability and extensive global network.
“Given the current global aircraft supply chain constraints, we celebrate this achievement of a successful business relationship with CALC as we execute SAA’s fleet plan that is aimed at a profitable business model,” said Prof. John Lamola, Interim Chief Executive Officer of South African Airways.
“We are thrilled to bolster SAA’s fleet growth by offering young A320CEO aircraft leases,” said Ms. Winnie Liu, President, and Chief Commercial Officer of CALC. “Congratulations on SAA’s 90th anniversary of service this year and we look forward to further solidifying our relationship, aiming to extend our solutions to more African airlines in the coming years.”
In 2023, the Group successfully repossessed nine aircraft and quickly redelivered them to several overseas leading airlines. As of 31 March 2024, the Group had 171 owned aircraft, 27 managed aircraft and 135 aircraft on backlog.
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