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28-Jun-2021 3:59 AM
CALC received a Ba1 corporate family rating from Moodyâs for the first time with a stable outlook
Direct News Source
China Aircraft Leasing Group Holdings Limited ( CALC or the “Company”, HKSE stock code: 01848; together with subsidiaries, the “Group”), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce that it has received a corporate family rating (CFR) of Ba1 and a foreign currency and local currency issuer ratings of Ba2 from Moody s Investors Service Pty Ltd (Moody s), with a stable outlook. The Company has previously received the highest AAA rating from Dagong Global Credit Rating Co., Ltd.
Direct News Source
CALC (1848.HK) announces 2020 annual results Identifying opportunities in a crisis while persisting in the strategy of ploughing deep into the Chinese market
China Aircraft Leasing Group Holdings Limited ( CALC or the “Company”, HKSE stock code: 01848; together with subsidiaries, the “Group”), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce the Group’s results for the year ended 31 December 2020 (the “Review Year”).
Financial Highlights
CALC navigated its journey through an extremely challenging year in 2020. During the Review Year, total revenue of the Group amounted to HK$3,485.8 million (2019: HK$3,523.2 million). Operating profit was approximately HK$948.7 million (2019: HK$967.6 million). Both were maintained at similar levels to those of last year.
By Cirium2021-01-08T13:16:00+00:00
China Aircraft Leasing has placed an order for 30 Comac ARJ21 aircraft with an Indonesian airline, in which CALC and two of its most senior executives have a 49% stake, as a co-buyer.
The aircraft will be delivered “in stages” up to 2026, according to an 8 January filing to the Hong Kong stock exchange by the locally based lessor.
The agreement includes a purchase option for 30 additional ARJ21s.
Source: CALC
CALC holds its stake in TransNusa via Aviation Synergy (Caymen), which in turn owns Naga Pacific Holdings, which has a 49% stake in TransNusa, a 4 March 2020 Hong Kong stock-exchange filing and the 8 January one show.