CALC sees strong 1H growth on global, fleet expansion

China Aircraft Leasing Group (CALC) reported strong revenue growth in the H1 2017 as the company continues to expand and diversify globally. In H1, CALC posted a net profit of HK$248.7m (US$32m), up 3.6% from H1 2016. Revenue for the half-year was up 22.5% to HK$1.26b. CALC chairman Chen Shuang said the H1 performance “demonstrated its strong growth momentum. With its successful execution of its globalization strategy and fleet expansion plan, together with the continued expansion and diversification of its clientele, CALC is working toward being a full value-chain aircraft solutions provider for global airlines. We are well positioned to capture significant opportunities globally.” As of June 30, CALC had 90 aircraft and delivered nine aircraft to new customers. In June, the Hong Kong-based lessor placed its first purchase order with Boeing for 50 737 MAX aircraft, scheduled for delivery in stages up to 2023. In addition, the company has 138 narrowbodies on order.<br/>