Hong Kong-based China Aircraft Leasing (CALC) is exploring various options to grow the business, including an initial public offering, say sources familiar with the situation.
CALC's largest shareholder, China Everbright Aerospace, reportedly revealed plans last week for a public listing of its aircraft leasing unit in the second half of this year.
However, sources indicate the IPO is just one of several options the Hong Kong-based lessor is exploring at the moment.
"No concrete plans are set in place for a public listing as CALC is contemplating various options available to the lessor given its strong shareholder," says a source.
CALC owns a portfolio of 16 aircraft including five Airbus A320s, five Airbus A321s, four Boeing 737-800s and two Airbus A330-200s, according to Flightglobal's Ascend Online database.
The lessor inked a memorandum of understanding for 36 baseline Airbus A320-family jets at the Farnborough air show last year. The order includes eight A321s. No engine selection has been made.
China Aerospace Investment Holdings acquired an 8% interest in the lessor last year. At the time, CALC said the equity investment would help the lessor to expand its fleet to 100 aircraft during the next three years.
The investment follows on from the purchase of 40% of the lessor's capital by China Everbright in July 2011.
Friedmann Pacific Asset Management holds a further 48% equity interest in the lessor, which was founded in 2006.
CALC was unavailable for comment at the time of press.