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14 Mar 2022

China Aviation Industry Newsletter 14 March

BOC Aviation Reports solid results for 2021 BOC Aviation announced its audited financial results for the full year ended 31 December 2021. Total revenues reported for $2.2 billion in 2021, up 6% year-on-year, while its total assets were $23.9 billion as at 31 December 2021, up from $23.6 billion as at 31 December 2020.Robert Martin, Managing Director and Chief Executive Officer stated “As the world commenced its recovery from the downturn, BOC Aviation’s 2021 earnings rose in line with better airline customer cashflows and rising activity levels across the aviation industry. In 2021, net profit after tax was US$561 million, up 10% year-on-year, and we will recommend to shareholders to approve a final dividend of 28.31 US cents per share, in line with our dividend policy to pay up to 35% of net profit after tax.” Civil Aviation Administration of China (CAAC) Formally Adopts Special Conditions for EHang’s eVTOL The Civil Aviation Administration of China (CAAC) recently announced that the Special Conditions for Type Certification of EHang’s EH216-S aircraft have been formally adopted. EHang, developer of autonomous aerial vehicle (AAV) products and solutions, unveiled its first model, the 184, in 2016. EHang Receives Pre-order for 60 Units of Passenger-grade AAVs from AEROTREE, Malaysia’s Leading Aviation Company, under Strategic Partnership EHang announced its strategic partnership with Aerotree Flight Services Sdn. Bhd a subsidiary of Malaysia’s leading aviation company AEROTREE Group, to jointly develop urban air mobility  business, including Maintenance, Repair and Overhaul and training, in Malaysia. Pursuant to the Partnership, AEROTREE has placed the largest pre-order for EHang’s electric passenger-grade AAVs in Malaysia for 50 units of the EH216 series, which includes the EH216-S, EH216-L, and EH216-F, as well as 10 units of the VT-30, EHang’s long-range eVTOL. Prior to it, AEROTREE has purchased one unit of the EH216-S AAV from EHang. Hainan Expo-themed China Southern Airlines aircraft makes inaugural flight To honour next month’s China International Consumer Products Expo (Hainan Expo), a specially themed China Southern Airlines aircraft adorned with the event’s logo, colours and mascots today made its inaugural flight. Under a five-year agreement China Southern Airlines is the designated air carrier of the Hainan Expo. Acumen Aviation © 14 March 2022 All Rights Reserved.    
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