CALC

Name

CALC

Legal name

China Aircraft Leasing Group Holdings Limited

Website

https://calc.com.hk

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Aircraft Leasing Services

NAICS

Aerospace Product and Parts Manufacturing (33641), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413)

SIC

Aircraft & Parts (3720), Aircraft Parts & Auxiliary Equipment, Nec (3728)

akta.pro primary industry

MRO Engineering, Technical Publications & CAMO Support (IMABALAO)

akta.pro secondary industries

Commercial Airframe MRO (Heavy Checks & Structural) (IMABALAA), Component MRO (LRU/Rotables, Hydraulics, Pneumatics) (IMABALAD)

Keywords

• Aircraft operating leasing
• Purchase and leaseback
• Fleet planning solutions
• Aircraft trading and asset management
• Aircraft recycling and MRO

Headquarters

HQ city

Admiralty

HQ country

Hong Kong SAR China

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Aircraft Operating Leasing: Long-term operational leasing of aircraft to airlines. CALC orders directly from OEMs or acquires aircraft through purchase-and-leaseback arrangements with airlines. Revenue generated through recurring lease payments over the life of the aircraft.
2. Aircraft Trading and Asset Management: Sale of newer aircraft portfolios with leases attached to buyers or investors; acquisition of mid-life or older aircraft assets with or without leases; and asset management services through aircraft investment platforms, including lease management and diversified financing tools for investors.
3. Fleet Upgrade Solutions and Purchase-and-Leaseback (PLB): Value-added new aircraft leasing and PLB services tailored to meet operational needs of airlines. CALC leverages international second-hand aircraft market expertise to provide fleet planning upgrade and package deal solutions.
4. MRO & Components Sales (via CAAM): Aircraft base maintenance services, airframe disassembly, and component pooling services through CAAM's MRO facility in Harbin. Over one million parts in inventory for most aircraft models, supporting global distribution.
5. Used Aircraft Sustainability Solutions: Aircraft disassembly, recycling, engine solutions and sales, airframe solutions, and stub-life lease services through CAAM's two recycling bases in Memphis, USA and Harbin, China.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

CALC is a one-stop aircraft full value-chain solutions provider for global airlines, offering aircraft operating leasing, purchase-and-leaseback (PLB), fleet planning and upgrade, aircraft trading and asset management, and used aircraft sustainability solutions (aircraft disassembly, recycling, engine and component sales, MRO). The company owns and manages 176 aircraft with a 130-aircraft order book spanning Airbus, Boeing, and Comac models, serving 40 airline customers across 20 countries and regions.

Product overview

CALC is a one-stop aircraft full value-chain solutions provider for global airlines, operating as a platform with multiple integrated services. The core offerings include Aircraft Leasing and Sourcing, Fleet Upgrade Solutions and PLB, Aircraft Trading and Asset Management, Used Aircraft Sustainability Solutions, and MRO & Components Sales. The company operates through subsidiaries including CALC (TJ) for leasing operations in China, China Aviation Aftermarket (CAAM) for aftermarket services, and Universal Asset Management (UAM) for aircraft recycling. The fleet portfolio comprises Airbus (A320ceo, A320neo, A330), Boeing (737 NG, 737 MAX, 787), and Comac (C909, C919) aircraft. As of December 31, 2025, CALC owned and managed 176 aircraft with a 130 committed order book.

Differentiator

Problem solved

Functional benefit

Brands

• CAAM (China Aviation Aftermarket): CALC's affiliate focusing on aircraft aftermarket services including mid-life and older aircraft asset management, aircraft recycling, engine solutions, and MRO services. Operates two aircraft recycling bases in Memphis, USA and Harbin, China.
• Universal Asset Management (UAM)

Products and services

• Aircraft Leasing and Sourcing Long-term operational leasing of new and used aircraft to global airlines, with aircraft ordered directly from OEMs (Airbus, Boeing, COMAC) or acquired through purchase-and-leaseback (PLB) transactions with airlines. For airline clients seeking fleet capacity.
• Fleet Upgrade Solutions and Purchase-and-Leaseback (PLB) Value-added new aircraft leasing and purchase-and-leaseback (PLB) services tailored to airline operational needs, with comprehensive fleet planning upgrade and package deal solutions leveraging international second-hand aircraft market expertise.
• Aircraft Trading and Asset Management Recurring business encompassing sale of newer aircraft portfolios with leases attached to buyers or investors, acquisition of mid-life or older aircraft assets with or without leases, and asset management services through the aircraft investment platform (CAG) including lease management and diversified financing tools.
• Used Aircraft Sustainability Solutions One-stop services for the global aircraft aftermarket through subsidiary China Aviation Aftermarket (CAAM), specializing in asset management and trading of mid-life and older aircraft using recycling bases in Memphis, USA and Harbin, China, including aircraft disassembly, recycling, engine solutions, airframe sales, and stub-life lease.
• MRO and Components Sales Aircraft base maintenance, airframe disassembly, and component pooling services through the MRO facility located within Harbin Taiping International Airport flight control zone (FL Technics joint venture), with over one million parts in inventory supporting global distribution.

Quantifiable outcome

• A320neo Family delivers at least 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft
• +4 more outcomes

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered major, core and minor.

• China Resources Recycling Group Green Investment Co., Ltd. (资环绿投) / Zhongzihuan International (中资环国际)majorStrategic or Co-development Partner · 10 December 2025CALC's affiliate CAAM signed a strategic cooperation agreement with China Resources Recycling Group's subsidiary Zhongzihuan International to collaborate on end-of-life aircraft import, asset management, dismantling utilization, and aviation materials circular economy. The partnership aims to jointly enhance end-of-life aircraft asset value and promote green circular economy in the aviation industry chain. CAAM will provide technical support including aircraft disassembly, recycling, asset management, and promote aviation materials sales and market expansion.
• FL TechnicscoreStrategic or Co-development PartnerCALC established an MRO joint venture with FL Technics in Harbin, China. This joint venture enables CALC to provide aircraft base maintenance services, airframe disassembly, and component pooling services through CAAM's MRO facility located within the Harbin Airport flight control zone, with over one million parts in inventory supporting global distribution.
• AirbuscoreOEM/ Whitelabel/ Licensing PartnerCALC has a long-standing strategic partnership with Airbus, having placed five orders cumulatively. The latest order (December 2025) of 30 A320neo aircraft brings total Airbus orders to 282, including 203 A320neo variants. CALC is one of Airbus's largest leasing customers globally. The partnership dates back to 2012, with nearly 200 aircraft delivered to CALC's customers over 10 years.
• BoeingcoreOEM/ Whitelabel/ Licensing PartnerCALC has placed direct orders with Boeing for 737 MAX and 787 aircraft. Boeing partnership enables CALC to offer Boeing aircraft through operating leases and purchase-and-leaseback arrangements to its global airline customers.
• COMAC (China Commercial Aircraft Corporation)coreOEM/ Whitelabel/ Licensing PartnerCALC signed a purchase agreement with COMAC for 30 firm orders and 30 intended orders of C909 aircraft, plus an MOU for 20 C919 aircraft. The C909 has been delivered to CALC's subsidiary TransNusa, marking the first overseas delivery of China's domestically developed regional jet. CALC signed a market development cooperation agreement with COMAC Marketing & Sales Center and Agricultural Bank of China (Shanghai Branch).
• TransNusa (Indonesia)majorStrategic or Co-development PartnerStrategic cooperation with TransNusa for C909 aircraft operations. CALC has delivered 3 C909 aircraft to TransNusa (as of early 2026). TransNusa operates C909 flights on international routes including Manado-Shanghai, Manado-Shenzhen, Jakarta-Kuala Lumpur, and Guangzhou. This partnership marks China's domestically developed aircraft entering international commercial operations.
• China Southern AirlinesminorStrategic or Co-development PartnerCALC signed a Sustainability-Linked Bond (SLB) agreement with China Southern Airlines for 10 B737 aircraft to support the airline's fleet optimization. CALC also completed an SLB transaction for two A330 with China Southern Airlines showcasing professional asset management capability for mid-aged to end-of-life aircraft.

Scale indicators24 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• AerCap Holdings: World's largest aircraft operating lessor with a 1,700+ aircraft portfolio across Airbus, Boeing and Embraer. Closest direct comparable to CALC given its full-lifecycle leasing, trading, and asset management model, and sets the global benchmark for lease pricing, OEM relationships, and capital structure that CALC competes against.
• Aviation Capital Group: U.S.-based aircraft lessor with ~500 owned/managed aircraft, owned by Tokyo Century. Direct peer in operating lessor model and competes for the same airline RFPs, particularly in the Americas where CALC is expanding.
• BOC Aviation: Singapore-based, Chinese state-bank-controlled aircraft lessor with ~700 aircraft and a similar Asia-Pacific airline customer profile to CALC. Direct peer given overlapping Chinese ownership influence, similar airline customer base, and a parallel order book with Airbus and Boeing.
• Air Lease Corporation: Major U.S.-listed aircraft lessor with a fleet of ~480 owned/managed aircraft focused on new technology narrow-body and widebody jets. Direct competitor in the same target customer base (global airlines) and the same A320neo/Boeing 787 product lines that dominate CALC's order book.
• Aircastle: U.S.-based aircraft lessor (acquired by Mizuho Leasing in 2020) with a mid-life narrowbody and widebody portfolio. Comparable to CALC's mid-life aircraft trading and asset management business and the customer segment of mid-sized regional carriers.
• Avolon Aerospace Leasing: Irish-based top-3 global aircraft lessor with a ~900-aircraft portfolio, backed by Bohai Leasing and CDB. Direct competitor in narrow-body leasing and uses the same Airbus/Boeing OEM channels as CALC.
• SMBC Aviation Capital: One of the world's largest aircraft lessors, owned by Sumitomo Mitsui Banking Corporation, with a 700+ aircraft portfolio. Directly comparable as a globally diversified lessor competing for the same airline customers and OEM order slots.

Others

• Universal Asset Management (UAM): Wholly-owned CALC subsidiary since 2018 operating the Memphis aircraft disassembly and recycling base. Relevant as an internal peer that represents CALC's end-of-life aircraft circular economy capability, comparable to independent recyclers such as Tarmac Aerosave or AerFin.

Emerging players

• AerFin: Independent end-of-life aircraft and engine asset management specialist. Comparable to CALC's CAAM used aircraft sustainability solutions business in mid-life and end-of-life aircraft trading, disassembly, and component sales.
• FL Technics: Global MRO provider and joint venture partner with CALC in Harbin, China. Comparable because it is the only meaningful direct link to CALC's aircraft aftermarket/MRO business line, providing base maintenance services for CALC's owned and customer aircraft.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-aircraft-leasing-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CALC