CALC, a Honk Kong-based full value-chain aircraft solutions provider, announced entering purchase agreement for 50 Airbus A320neo aircraft from Airbus with an aggregate list price of approximately $5.42 billion. The aircraft will be delivered in stages in 2023.

Following this incremental order, CALC’s total order book with Airbus will increase to 202 aircraft. The company also plans to purchase 15 additional Airbus A320neo aircraft in January 2018 subject to the fulfillment of certain conditions. In total, CALC has expanded its fleet to over 100 aircraft in 2017.

“We are proud to augment our fleet by adding 50 in-demand A320neo jetliners that have outstanding fuel efficiency, and are reliable and comfortable,” said Mike Poon, Chief Executive Officer of CALC. “Since CALC’s inception, we have maintained a close and dynamic relationship with Airbus, and the commitment marks yet another endorsement of our mutual trust. This bulk purchase will significantly expand CALC’s fleet portfolio and further solidify our position as a full value-chain aircraft solutions provider. Currently, the majority of our fleet comes from direct purchase from manufacturers and that will remain the major source of our new aircraft”.