JULY 1ST, 2016

Transportation Partners announces Lion Group’s first JOL transaction for one 737-800 on lease from FPG to Malindo Air

Singapore, Dublin, June 28, 2016 – Transportation Partners Pte Ltd (“TP”) and FPG Amentum the Dublin-based aircraft leasing company part of Financial Products Group Co., Ltd. announce the delivery of one new Boeing 737-800 (MSN 38303). The aircraft is on a Japanese Operating Lease (JOL) to Malindo Air, part of the Lion Group of airlines.

John Duffy, Chief Operating Officer at TP, said “Although TP is only four years old, we have now assisted airlines in arranging finance for almost 200 aircraft, both within and outside the Lion Group. With over 400 narrow-body aircraft still to deliver, developing new sources of capital such as the prestigious JOL market, will continue to be one of the firm’s strategic imperatives. Hats off to the team at FPG Amentum for their achievements on this deal”.

Commenting, Hisanaga Tanimura President and CEO of FPG: “We are delighted to launch the Lion Group in the JOL market. Demand for the right aircraft is strong in the Japanese market and FPG continues to expand its airline client base with targeted asset acquisitions. We would like to thank Transportation Partners and the Lion Group for entrusting us with their continued support in reaching this important milestone as the Lion Group implements its expansion plans across the region”.

As the Lion Group’s fastest growing international carrier flying to 36 destinations across 13 countries, we are delighted that our strong growth potential has been recognized by the brand-conscious Japanese investor market”, Malindo’s Chief Executive Officer Chandran Rama Muthy. Malindo began operations in March 2013 with its first destination to Kota Kinabalu and currently serves 36 destinations across 13 counties. It was the proud winner of Airline of the Year (Passenger) 2014 by Malaysia Airports & Top Performing Airline for 2015 by Travelport.

Commenting, Mitchel Simpson, Chief Financial Officer of FPG Amentum: “The Lion Group has been a long standing and valued relationship for FPG Amentum. This delivery marks our eighth aircraft on lease across the Lion Group so we are particularly pleased that together with FPG we have introduced Lion to the Japanese market”.