27 Feb 2017

China Aircraft Leasing Newsletter 27 February

CDB Aviation Lease Finance Delivers New Boeing 737-800 to Shandong Airlines CDB Aviation Lease Finance (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the delivery of one new Boeing 737-800 aircraft to a Chinese carrier, Shandong Airlines. The 737-800 represents the carrier’s eighth aircraft on lease from CDB Aviation and signifies the 100^th Next Generation aircraft added to the growing fleet of the Jinan, Shandong-based airline. China Aircraft Leasing says 2016 profits likely to be up 60pc China Aircraft Leasing Group (CALC), one of the country’s biggest aircraft lessors, said its net profits for 2016 would leap at least 60 per cent from a year earlier, as its business expansion pays off. CALC had 81 planes as of the end of December, leased mostly to mainland airlines including China Southern Airlines. The company planned to more than double the number to 173 by the end of 2020. Chinese Aircraft leasing firms take off Chinese aircraft leasing firms are becoming game changers in the trillion-dollar industry as it consolidates on the back of growth in the global travel market. In October, China-owned Avolon Holdings Limited agreed to buy the aircraft-leasing business of CIT Group for $10 billion in a deal that will create the world's third-biggest rental fleet. Avolon, a Dublin-based lessor, is wholly owned by China's Bohai Capital Holding Co. It became a Bohai subsidiary through a $2.6 billion acquiring deal in 2015. Read article: http://www.chinadaily.com.cn/business/2017-02/24/content_28332644.htm. BOC Aviation Delivers First Of Six New Airbus A321CEO Aircraft To Finnair BOC Aviation has announced the delivery of the first of six new Airbus A321CEO aircraft to Finnish national carrier Finnair. The remaining five aircraft will be delivered by the end of 2017. All six aircraft placed are from the Company’s existing order book. “Our relationship with Finnair dates back to 2001, and we are pleased to partner with them once again, to support their fleet and network expansion plans,” said Steven Townend, Chief Commercial Officer (Europe, Americas, Africa), BOC Aviation. Acumen Aviation © 27 February All Rights Reserved.