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China Aircraft Leasing Group Holdings ( (HK:1848) ) has shared an update.
China Aircraft Leasing Group Holdings has agreed, through its wholly owned subsidiary CALC (BVI), to purchase 30 additional Airbus aircraft under an amendment to a 2014 purchase agreement, with deliveries scheduled in stages up to 2033. The deal, classified as a very substantial acquisition under Hong Kong listing rules but treated as a Qualified Aircraft Leasing Activity, underscores the company’s ongoing fleet expansion in the ordinary course of business, with the board stating that the terms are fair and reasonable and in the interests of shareholders, highlighting the group’s continued growth ambitions in the aircraft leasing sector.
The most recent analyst rating on (HK:1848) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Aircraft Leasing Group Holdings stock, see the HK:1848 Stock Forecast page.
More about China Aircraft Leasing Group Holdings
China Aircraft Leasing Group Holdings is a leading full value chain aircraft solutions provider, offering aircraft leasing, purchase and leaseback, portfolio trading and asset management, alongside value-added services such as fleet planning and upgrade, maintenance, repair and overhaul, aircraft disassembly and recycling, and aircraft component trading. The group operates globally through subsidiaries including CALC (BVI), leveraging partnerships with major manufacturers like Airbus to support airlines’ fleet development needs.
Average Trading Volume: 406,724
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$3.56B
See more insights into 1848 stock on TipRanks’ Stock Analysis page.