Mike Poon, CALC's chief executive officer, tells Airfinance Journal how in 2013 the lessor first got a foot in the door with China Eastern Airlines, one of China's top-three state-controlled carriers. "They had three parked aircraft that had been sitting on the ground for almost four years. They were desperate to get rid of those [Airbus] A300s but could not find any good solutions. No lessor wanted to take them. Not because they didn't have the capacity or capabilities but simply because they weren't willing to spend the manpower. There was nothing wrong with the aircraft other than that they had been sitting idle for four years," says Poon.
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