China Aircraft Leasing (01848.HK) announced that the Group has injected a leased Airbus A320-200neo aircraft into an asset management joint venture platform and acts as its asset manager.

The platform is principally engaged in aircraft asset management business in the Mainland and holds 80% and 20% interests by Moutai Leasing and the Group respectively.

The Company noted that the transaction was part of the Group's regular business, which helped to enhance the Group's profitability and cash flow, as well as the continued advancement of the asset light model, as well as to deepen our relationship with partners.