Hong Kong-based lessor CALC is accelerating its strategy to capture a bigger market of overseas, non-Chinese customers and benefit from the strong recovery. The company has also entered the emerging passenger-to-freighter market, with work on the first aircraft underway since July. China Aircraft Leasing Group Holdings reported its HY1 2022 results on August 24. Lessor CALC wants to be less dependent on China.
Of the 138 owned aircraft in CALC’s portfolio at the end of June, 76.8 percent is leased to airlines in China, Macau, Hong Kong, and Taiwan. Although the lessor is seeing a gradual recovery of the Chinese aviation industry since June, the prolonged lockdowns have hurt its business model, resulting in delayed deliveries. CALC might have realized that it is over-dependent on China, at the same time witnessing a full rebound of international markets.
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