AviaAM Leasing and Chinese HNCA to establish a US$1bn aircraft leasing joint venture

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, and the Henan Civil Aviation Development and Investment Company (HNCA) have signed a joint venture agreement, according to which the enterprises will establish a joint-venture aircraft leasing company. It is planned that the Henan-based JV will build and manage a fleet of narrow-body aircraft worth of up to US$900m. “At the moment China and other thriving economies of Asia serve as the engine of global aviation. With double-digit air traffic growth, local carriers will require thousands of new airplanes over the following 15-20 years. Being one of the world’s leading aircraft leasing companies, we are bringing our experience and market expertise to support fleet expansion in the region. In the meantime, our partners at HNCA will provide access to favourable financing terms required for the JV’s fleet development,” comments Tadas Goberis, the Chairman of the Board and CEO at AviaAM Leasing.