China Aircraft Leasing Group Holdings Limited (CALC), along with its subsidiaries, has announced the successful delivery of the first of three Airbus A320ceo aircraft to South African Airways (SAA) in the carrier's 90th year of operations. The 2016-vintage A320ceo, equipped with IAE V2527-A5 engines, was previously part of Vietnamese airline Pacific Airlines' fleet before being promptly redelivered to SAA.
By initiating a partnership with South Africa's flag carrier as a new client, the delivery highlights CALC's commitment to expanding its presence across the African continent and underscores its global business operations, particularly in the southern hemisphere.
CALC maintains its steadfast commitment to maximising asset value across the aircraft full-life cycle and ensuring smooth transitions for used aircraft, leveraging its adaptability and extensive global network. In 2023, the Group successfully repossessed nine aircraft and swiftly redelivered them to several leading overseas airlines. As of March 31, 2024, the Group had 171 owned aircraft, 27 managed aircraft and 135 aircraft on backlog.
