Hong Kong Aviation Capital Closes Sale on New Airbus A320

SYDNEY and HONG KONG, April 5 /PRNewswire/ -- IndiGo Airlines and Hong Kong Aviation Capital (HKAC) have successfully closed the sale and lease back of a new Airbus A320 delivered on 30 March at the Airbus facility in Toulouse.

HKAC closed the delivery of the new aircraft with financing from China Development Bank.

HKAC now has a total of eight (8) A320s on lease to IndiGo.

"We are extremely pleased to have completed this transaction for IndiGo Airlines and are looking forward to further enhancing our relationship with the addition of another two aircraft later this year " said Donal Boylan, HKAC's Chief Executive Officer.

"We are delighted to have completed a further financing with China Development Bank, and look forward to working closely with CDB as our business grows".

About Hong Kong Aviation Capital

Hong Kong Aviation Capital ("HKAC") is a diversified investor and manager in the aviation industry. HKAC is headquartered out of Hong Kong, with offices in Sydney and London. The firm invests in commercial aircraft leases and financial instruments, and also provides aircraft management and advisory services. HKAC's mission is to prudently invest in the global transportation and infrastructure sectors for consistent and long-term returns, creating value for its investors and clients alike. HKAC has a highly capable team with skills and experience in both the financial industry and the management of aircraft assets. The company's Web site can be found at www.hongkongaviation.com.

Media inquiries:
Nic Jarvis
Edelman
Ph: +61 414 414484
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Don Takaya
Edelman
Ph: +61 9291 3337
[email protected]

SOURCE Hong Kong Aviation Capital