China Aircraft Leasing Group Holdings Limited ("CALC") established Aircraft Recycling International Limited("ARI") in 2014 with the mission to provide integrated solutions that address the growing demand for used aircraft management services in the global aviation market, as well as to extend the Group's downstream aviation value chain and support the sustainable development of the aviation industry. Headquartered in Hong Kong, ARI is a multi-strategy aviation company providing asset management services and comprehensive solutions for dealing with second lease and mid-life to mature aircraft. Its comprehensive used aircraft solutions include aircraft and engine leasing, direct purchases and portfolio trades, aircraft purchase and leaseback, components, disassembly and recycling, MRO, aircraft conversion and more, to enhance the residual value of used aircraft.

ARI's aircraft recycling facility in Harbin, China, is Asia's first large-scale aircraft recycling facility. In 2017, ARI fully acquired Universal Asset Management ("UAM"), a global aviation leader in aircraft disassembly, full recycling solutions, component sales, warehousing and third-party logistics headquartered in the US. ARI joined hands with UAM's professional team, which has over 200 years of collective technical expertise, to create a global state-of-the-art life cycle solutions platform to support the global aviation ecosystem. In 2018, ARI joined hands with CALC and FL Technics ("FLT"), one of the leading aircraft MRO services providers in Europe to establish FL ARI Aircraft Maintenance & Engineering Company Ltd, a MRO joint venture based in Harbin China which will further expand ARI's service scope and solidify CALC's full value chain strategy.

ARI's shareholders also include China Everbright Limited, Friedmann Pacific Asset Management Limited and Sky Cheer International Limited.