Dragon Aviation Leasing Takes Delivery of First New A320

Toulouse, 24 February, 2009 – Dragon Aviation Leasing Company Limited, a Beijing-based aircraft leasing company, today takes delivery of its first directly purchased Airbus aircraft at a delivery ceremony in Toulouse, France The aircraft is equipped with CFM56 engines, and is the first from the order of 13 A320 Family Aircraft it arranged with Airbus. This aircraft is leased to Air France. Calyon is acting as sole arranger and underwriter for the financing of the A320 aircraft.

Jean-Louis Chevrot, CEO of Dragon Aviation Leasing said: “The team of Dragon is pleased to announce this delivery which is a significant step forward for the joint-venture’s plans to build up a fleet of $1 billion worth of aircraft over the next few years. Although the current financial crisis may have negative effect on the air traffic industry globally, we still see growth potential. The long-term economic prospects for China and other Asian countries are expected to drive continued demand for new, fuel-efficient narrow-body aircraft such as the A320 Family for many years to come.

“We are proud to have Air France as the customer of one of our A320 Aircraft. Our strategy is to invest in aircraft with low operating costs, which in return will play a positive role in improving the profitability of our clients.”

John Leahy, Airbus Chief Operating Officer, Customers said: “China is a growing market and we are delighted that Dragon Aviation Leasing has chosen to build up its fleet with Airbus A320 Family aircraft. This is a clear vote of confidence for our best selling single-aisle programme. The aircraft’s economic efficiency – unbeatable in the 100-220-seat category – makes the A320 Family a huge asset for leasing companies and operators worldwide.”