Xiamen Aircraft Leasing Co., Ltd.

Xiamen Aircraft Leasing Co., Ltd., which also uses the name Xiamen Airlease, was registered and established in the Xiamen Free Trade Zone in September 2015. Its stated aim is to serve the world from the heart of Xiamen. The company says it is the first aircraft asset management company in China focused mainly on mid-life aircraft, and the first flagship enterprise of the aircraft leasing industry in the Xiamen Free Trade Zone.

Business lines

• Aircraft and engine asset trading and disposal: the deal team has completed dozens of transactions in domestic and international markets, and provides customized solutions such as sale and leaseback structures for airlines adjusting fleet capacity
• Operating and financial lease of aircraft and engines: new aircraft and engines are acquired from OEMs, with purchase rights transferred to airlines, and leases are made through special purpose vehicles in the free trade zone
• PTF aircraft leasing and sales: passenger to freighter conversions for its own and partners' aircraft, working with PTF STC holders including Boeing, IAI and AEI and authorized domestic MROs, under programs approved by CAAC, then sold or leased to cargo airlines
• Dismantling and recycling of suitable aircraft and engines by professional third parties under civil aviation regulations, with used serviceable material and components sold or leased to airlines and parts suppliers
• Asset management and technical services across the full lifecycle: type selection, configuration, delivery, leasing, redelivery, remarketing and disposal

Subsidiaries and holdings

XAero Co., Ltd. is a wholly owned subsidiary registered in the Xiamen Free Trade Zone in 2016. It is a platform for the disposal and sale of mid-life to end-of-life aircraft, covering aircraft and engine sale and leasing, dismantling, and parts sale and lease. In 2019 the company took a shareholding in Beijing GA Innovation China Aviation Asset Management Co., Ltd., established in Beijing in 2013, whose other shareholders are Air China and GA Telesis. That company holds ISO 9001 and AS9120B certification, ASA-100 quality certification and a parts distributor certificate from the Civil Aviation Maintenance Association of China.

Company facts

• News on the website includes a five aircraft transaction with Carlyle Aviation Partners, and an annual airline aircraft leasing forum hosted by the company
• Offices in Xiamen, Beijing, Tianjin, Shanghai, Guangzhou, Chengdu, Xi'an and Singapore, plus a Hong Kong contact
• Registered office: Unit 915, 9/F, Building A, Free Trade Financial Center, Xiamen