On April 15, China Airlines Leasing (02588.HK) announced its operating transactions for the first quarter ended March 31, 2024.
Managing Director and CEO Steven Townend said, “We are off to a good start this year, adding 10 new aircraft to be delivered in 2024 and signing 31 lease commitments, which is our best first quarter performance since 2020. Aircraft sales are still going strong, and so far we have sold 5 aircraft in 2024. At the same time, our 100% collection rate reflects the continued improvement in the financial situation of airline customers and our risk-aware culture.”
A total of 54 transactions were executed in the first quarter of 2024, including commitments to buy 10 aircraft, deliver 5 aircraft, sell 4 owned aircraft and 1 managed aircraft, and sign 31 lease commitments.