Asia/Pacific

CALC announce H1 results 

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CALC announce H1 results 

China Aircraft Leasing Group Holdings released its results for the six months ended June 30, total revenue and other income reached HK$1,635.9 million ($210 million), level to the same period in 2019 which saw it post figures of HK$1,675.3 million.

During the period CALC delivered seven aircraft and disposed of four. CALC now has 137 aircraft in its fleet, including 114 owned and 23 managed aircraft. CALC’s aircraft were on lease to 35 airlines in 15 countries and regions.

66.4% of CALC’s owned and managed fleet (79.8% of its owned fleet) were leased to Chinese clients. CALC’s non-Chinese clients are mainly flag-carriers or backed by strong shareholders.

Zhao Wei, chairman of CALC, said, "We have been witnessing unprecedented challenges and opportunities since the beginning of 2020. This is the time when constraints of all market participants are being tested. CALC has been able to demonstrate its sound judgements about the situation and continued its advancement in aircraft leasing, aviation financing and other business segments. Its resilience in tackling impact from the pandemic has given China Everbright Limited, as a shareholder, full confidence in its prospects.”