We have a leading global aircraft leasing business focused on acquiring, leasing, managing and selling commercial aircraft. We focus on building and maintaining a portfolio of young, modern and fuel-efficient commercial aircraft, with a view to maximizing long-term earnings growth and delivering superior risk-adjusted returns through the aviation industry cycle. Since our inception, we have continually expanded our owned aircraft portfolio and grown our business scale, customer network and industry experience.

We have a leading global aircraft leasing business focused on acquiring, leasing, managing and selling commercial aircraft. We focus on building and maintaining a portfolio of young, modern and fuel-efficient commercial aircraft, with a view to maximizing long-term earnings growth and delivering superior risk-adjusted returns through the aviation industry cycle. Since our inception, we have continually expanded our owned aircraft portfolio and grown our business scale, customer network and industry experience.


As of June 30, 2019, the Group owned and managed a well-diversified portfolio of 227 delivered aircraft assets on lease to 60 lessees in 36 jurisdictions. As of June 30, 2019, total assets of the Aircraft Leasing segment of the Group amounted to RMB85,397.2 million, representing a decrease of 3.4% compared to December 31, 2018, and the total revenue and other income of the Aircraft Leasing segment amounted to RMB4,207.7 million, representing an increase of 23.3% compared to the same period of last year. The assets of the Aircraft Leasing segment accounted for 35.7% of the overall Group, representing a decrease of 1.6% compared to December 31, 2018. The revenue and other income of the Aircraft Leasing segment accounted for 48.2% of the overall Group, representing a decrease of 1.4% compared to the same period of last year.


As of June 30, 2019, the Group had a total portfolio of 423 aircraft, consisting of 222 owned aircraft, five managed aircraft and 196 committed aircraft. As of June 30, 2019, 210 owned aircraft of the Group were held for operating leases and 12 owned aircraft of the Group were under finance leases. As of June 30, 2019, the weighted average age by net book value of the Group’s owned aircraft held for operating leases was 4.7 years, the weighted average remaining lease term by net book value of the Group’s owned aircraft held for operating leases was 6.8 years.

The majority of our lessees are flag carriers and major airlines of their respective countries, with good credit record and cooperative relationships with us. We lease our aircraft to lessees in diverse geographical regions around the globe.

We have active relationships with airlines globally, which helps us place new aircraft, re-market end-of-lease aircraft and source transactions to grow our fleet through multiple acquisition channels. In addition to actively maintaining existing customer relationships, we also seek new customers through participation in major aviation industry conferences, referrals by aircraft manufacturers as well as Internet platforms.


The Group’s orderbook contains next-generation, liquid and narrow-body types. As of June 30, 2019, the Group has committed to purchase 99 aircraft from Boeing and 85 aircraft from Airbus. These aircraft are scheduled to be delivered between the second half of 2019 and 2025. The Group also has contractual commitments to acquire a further 12 aircraft under sale and leaseback and portfolio acquisition transactions. The aggregate of these commitments net after deduction of predelivery payments paid is RMB58.2 billion.