China Aircraft Leasing Group (CALC), a full value-chain aircraft solutions provider for global airlines, released its financial results for the first six months of 2018, ending on June 30.
Highlights from the H1 report include:
CALC also joined up with three large-scale, state-owned enterprises as mezzanine financiers to roll out CAG, an investment vehicle for aircraft portfolio on lease to global airlines. Together with mezzanine financing and senior syndicated financing, CAG’s aircraft assets are expected to grow to around $1.2 billion. A total of 24 aircraft are expected to be injected into CAG, 18 of which are from seed portfolio, to be sold by CALC to CAG. CALC will provide aircraft and lease management services to CAG.
Chen Shuang, chairman of CALC, said, “We are pleased with CALC’s robust results in the first half of 2018 and its successful implementation of the asset-light strategy. Going forward, CALC will continue to press ahead with its globalization strategy and expand its international client base while strengthening its leading position in China. We will strive to become a top-tier global player in the international aviation industry.”
CEO of CALC Mike Poon added, “With its established infrastructure, CALC is well poised to continue its vertical and horizontal integration to amplify its competitive strengths. Looking ahead, CALC will seek to manage an enlarged and diversified aircraft portfolio powered by its asset-light business model.”
Something happened last year, and it completely changed how I think about sales management. Sue was a top performing rep who had just submitted her resignation. Hired three years prior, she was burned out. On what felt like an endless... read more
The influence of technology and innovation, including data and analytics, has been among the largest developments in the fleet transportation industry over the last several years. Innovation-driven data and analytics, through advanced technology and reporting platforms, are now completely reshaping... read more