Independent lessor China Aircraft Leasing Group Holdings (CALC) has confirmed a net profit of HK$240m ($39.9m) for the first half of 2016.
The Hong Kong-based firm said its revenues amounted to HK$1bn ($128.9m) for the six months up to June 30, a 61.5 per cent year-on-year rise.
During the period, CALC grew its aircraft portfolio to 70 jets and delivered seven aircraft to customers. This included two A320 aircraft delivered to Turkish low-cost carrier Pegasus Airlines, its first European customer.
CALC said it plans to expand further by entering into agreements with more Chinese carriers and exploring finance options.
It also said it remains on schedule to have a 173 aircraft fleet by 2022.