CALC officially rolls out CAG

CALC has completed the establishment of an international investment vehicle for aircraft leasing – CAG, to invest in aircraft portfolio on lease to global airlines. CALC calls this an “important strategic move for the Group amid its transition towards an asset-light business model for supporting its continuing global expansion, whilst further enhancing the professional development of its aircraft asset management capabilities”. The lessor expects CAG to grow to around US$1.15-$1.4bn of aircraft assets within two years. CALC joins hands with three mezzanine financiers (Chinese large-scale state-owned enterprises engaged in outbound investment, insurance business, and aviation sector) to provide mezzanine financing