China Aircraft Leasing Group Holdings Limited (CALC), an independent operating aircraft lessor in China, announced that it has signed a lease agreement with Hawaiian Airlines for a long term lease of an Airbus A321neo aircraft. The aircraft is expected to be delivered in 2018. The leasing company said that Hawaiian Airlines is CALC’s first customer in the Americas.

Winnie Liu, Deputy CEO and Chief Commercial Officer of CALC commented: “We are very excited to establish a business partnership with Hawaiian Airlines, our first US client. Not only does it mark CALC’s foray into the world’s largest aviation market, it also highlights international markets’ recognition of the standards of our professional services and demand for our tailored aircraft solutions.

By 2020, we target to build a balanced customer portfolio of domestic and overseas airline clients.”

On the 5th of December, Hawaiian holdings raised its outlook on the Hawaiian Airlines fourth quarter performance. The company announced anticipating its unit revenue to rise 3-6% YoY. This forecast led to shares hitting a record high of $53.90, showing a 5% increase.

The A321neo for Hawaiian Airlines will be the first of 74 A320neo Airbus family aircraft which CALC has on order until 2022.

The lease arrangement with Hawaiian Airlines of the long-range, single-aisle A321neo is part of the airline’s fleet optimization plan to support the sustainable growth of its main market between Hawaii and mainland USA.

According to CALC, Hawaiian now offers a non-stop service to Hawaii from 11 US gateway cities, along with a service from Japan, South Korea, China, Australia, New Zealand, American Samoa and Tahiti. Hawaiian also provides approximately 160 jet flights daily between the Hawaiian Islands, with a total of more than 200 daily flights system-wide.