CALC to Acquire Fleet of Sixteen Aircraft

Stock News06-22

Chinese aircraft leasing firm CALC (HKEX: 01848) has announced the signing of definitive agreements for a major fleet acquisition.

The company, acting through two of its wholly-owned special purpose vehicles, has entered into agreements with the seller, China Aircraft Global Limited, a wholly-owned subsidiary of CAG Bermuda 1 Limited.

Under the terms of the agreements, the buyer has agreed to purchase special purpose entities that hold direct interests in a portfolio of sixteen aircraft.

The transaction is anticipated to reach completion on or before June 24, 2026.

The acquisition encompasses a diverse mix of aircraft models, including five Airbus A320–200s, three Airbus A320–214s, two Airbus A320–251Ns, two Airbus A321–200s, one Airbus A330–200, two Boeing B737–900ERs, and one Boeing B787–9.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment