China Aircraft Leasing says 2016 profits likely to be up 60pc
“The expected increase is mainly attributable to increase in lease income which resulted from continued expansion of the scale of aircraft leasing business and the gain from disposal of finance lease receivables,”
CALC is 33 per cent held by state-owned investment conglomerate China Everbright Group, while Hong Kong-based Friedmann Pacific Asset Management owns a 17 per cent stake. It was the first aircraft lessor listed in Hong Kong.
CALC had 70 planes as of the end of June, leased mostly to mainland airlines including China Southern Airlines. The company planned to more than double the number to 173 by the end of 2020.
For the first half of last year, the Hong Kong-based firm’s net profits more than doubled to HK$1.027 billion(US$130 million).
Source: SCMP
http://www.scmp.com/business/companies/ ... ly-be-60pc