CALC Reports Earnings

China Aircraft Leasing Group Holdings (CALC) released a report describing its financial performance in the first half of 2019. CALC is publicly traded in Hong Kong. The lessor’s revenue grew to approximately $213 million USD, 3.9% higher compared to the same stretch of 2018. It posted a profit of $40 million, up 1.5% year-on-year.

The firm took delivery of five new aircraft between January and June, ending that period with 115 owned aircraft. Though the company’s client list include 33 operators located in 15 countries, mainland China accounts for the majority of its business; 68% of the aircraft in its owned and managed fleet are on lease to Chinese airlines.

Source: CALC