Asia-Pacific Aerospace Briefs Today
April 29th 2022
Today's briefs report news from CALC, CargoLux and ST Engineering. Read More »
China Aircraft Leasing Group Holdings Limited said its China Asset Leasing Company Limited subsidiary, known as CALC, made a net profit of 106 million yuan (US$16 million) for the three months to March 31. The lessor owned 84 of its fleet of 128 aircraft at March 31, 2022. Revenue was up 10.5%, to 652 million yuan, for the reported period.
Cargolux has reported a net profit of US$1.3 billion for the 12 months to December 31, 2021, up 68%, from a net profit of US$769 million in the same months in 2020. Revenue rose 40%, to US$4.4 billion, Cargolux said. The air cargo carrier added global supply chains are continuing to experience considerable strain, "probably even more than in 2021, and capacity is not expected to recover to pre-pandemic levels in the coming months".
ST Engineering’s Commercial Aerospace business, Mobile Aerospace Engineering, and United Airlines (UA) have signed a Memorandum of Understanding intended to move part of the airline’s long-term airframe heavy maintenance needs to Pensacola International Airport. The Singapore-headquartered company is building an MRO complex adjacent to the Florida airport. ST Engineering also will extend its heavy maintenance support to the airline by servicing additional UA narrow-body aircraft after the Pensacola facility opens in 2024.
