19 JUNE 2017

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Article from BTNews 19 JUNE 2017

Growth in mind at CALC

Hong Kong’s China Aircraft Leasing Group Holdings (CALC) has ordered 50 new Boeing B737 MAX series jets, scheduled for delivery in stages up to 2023, as part of “an acceleration of our business expansion”. The total order has a list price of $5.8bn.

CALC chief executive officer Mike Poon said: “Over the past decade, we have grown from being a market leader in China’s aircraft leasing industry to becoming one of the most important players in the global aviation market.

“We are proud of the progress made to enhance and significantly sharpen our financing and placing capabilities. CALC now has a strong team in place that is looking to capture global opportunities.”

Poon said CALC was actively expanding and diversifying its fleet portfolio to meet the varying needs of airline customers in a “dynamic” market. “Our strong order book is a valuable asset that is supporting our global expansion strategy,” he added.

CALC currently owns a fleet of 87 aircraft and says with the new order its outstanding order book has reached 89 Airbus and 50 Boeing (139), putting the company on track to deliver a total of 226 aircraft by 2023.

www.calc.com.hk

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