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CALC: purchase and leaseback of five A-320/200ceo airplanes with Viva Air

Hong Kong, China - Strengthening of presence in Latin America

CALC entered into a purchase and leaseback agreement with PDP financing as a bundled package solution with the Latin America Low-Cost Carrier (LCC) group Viva Air, for five A-320/200ceo series airplanes. The aircraft are scheduled for delivery between 2018 and 2019. The transaction marks CALC's foray into Viva Air’s markets of Colombia and Peru, and another important move in deepening its presence in Latin America with partnering with Viva Air. It is a Panamanian headquartered group, created by Irelandia Aviation, the world’s premier low-cost airline developer, led by Declan Ryan and his team, one of the founders of Ryanair. Irelandia has successfully developed 6 LCC's around the world, (Ryanair, Allegiant, Tigerair, Viva Aerobus, VivaColombia and Viva Air Peru), which combined have a fleet of over 420 planes and have carried more than one billion passengers to date. More than 185 million people travelled within the Latin America region in 2016 and the market is expected to see a six percent growth in the next 20 years.

fra/pec - 1209426

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