Press Release

Issued by PhilJets.

April 18, 2017

Chailease Finance, the Taipei-based financial institution, has confirmed it will be financing PhilJets' upcoming brand new Airbus H130 during the inaugural Rotorcraft Asia in Singapore on 18th to 20th April, 2017

The Taiwanese financial conglomerate has been growing its portfolio of customers throughout southeast Asia, including PhilJets Group, as one of its major customers and partners in the Philippines.

PhilJets is expected to take delivery of its fifth Airbus H130 within the next three months, and has developed expertise in operating its flagship helicopter type, making the boutique aviation group one of the major operators of H130 in the southeast Asian region.

It is the second aircraft in PhilJets' fleet to be financed by Chailease. With this, the two companies intend to enrich their strong partnership further, and look forward to more business opportunities and undertakings in the future.

Chailease regional manager, Alexander Tang said, “The Philippines has shown strong economic growth in the past decade and the trend is expected to boost the local market’s demand for aircraft leasing services. We have established a partnership in the Philippines with PhilJets as part of our plans to tap into local markets and provide our competitive financing solutions.”

Thierry Tea, CEO of PhilJets Group expressed, "We are very happy to have started to develop a fruitful partnership with Chailease Finance, and their support enables our growth and the one of our partners. It is a milestone for PhilJets to have passed the stringent accreditation process of Chailease, and we look forward to strengthening our relationship even further on the long run."