CALC hands COMAC its largest commercial order for new airline

China Aircraft Leasing (CALC) has placed the largest order so far with Commercial Aircraft Corporation of China (COMAC) for 60 ARJ21-700 series aircraft – a confirmed order for 30 ARJ21-700s with options on a further 30 ARJ21s. At list price, this order is worth $2.3bn and is the largest scale order for ARJ21-700s. CALC will act as an aircraft lessor to an Indonesian-based airline, which Friedmann Pacific Asset Management (FPAM) intends to invest in, by building a pure- ARJ21 fleet. The first batch of aircraft will be delivered in the next one to two years, and the remaining aircraft of