Hong Kong
Looking to compete with Singapore is Hong Kong, a global hub of finance. In 2017, Hong Kong laid the groundwork to take its slice of the market. It held an ambitious target of an 18% share of the leasing industry with creation of more than 15,000 jobs and a HK$430 billion contribution to the state. However, since then, doubt has been cast about the growth following widespread social and political unrest in the country. Home to several locations of lessors from China and the rest of the world, China Aircraft Lease (CALC) serves as Hong Kong’s domestic leasing company. As of March 2021, it has 128 aircraft on its books, with an order backlog of 227 aircraft, according to the CALC website.
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