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China Aircraft Leasing Group restructures deals with Boeing
March 26th 2021
China Aircraft Leasing Group Holdings Limited (CALC) said today it had cut orders with Boeing by 26 737 MAXs and rescheduled the delivery dates of some aircraft. Read More » Under the new agreement, the number of Boeing aircraft on order has been reduced to 66, from 92 previously. "The new arrangement is more in line with the company's interests and the demand of the aviation market," CALC said in a regulatory filing to the Stock Exchange of Hong Kong. "It also reflects its long-term partnership with the aircraft manufacturers." CALC's financial accounts for calendar 2020 reported the company had a fleet of 103 owned and 25 managed aircraft at last December 31, and 293 aircraft on backlog.
