14 Nov 2022
China Aviation Industry Newsletter
ATR42-600 is set to launch in China
The ATR 42-600's type certificate has been verified by the Chinese Civil Aviation Administration (CAAC). With a secured order from an unnamed customer for three aircraft, the milestone provides ATR with the chance to re-enter the Chinese market. ATR Aircraft CEO Nathalie Tarnaud Laude , said “Receiving CAAC’s validation of the ATR 42-600 type certificate, along with a firm order, is a major achievement marking the re-introduction of ATR turboprops in China. The ATR 42-600 will undoubtedly prove to be a game-changer. ATR offers an eco-responsible alternative to jets while bringing comfort and convenience to passengers, and essential air services for communities and businesses to thrive.”
CDB Aviation completes $650 million in secured portfolio financing
CDB Aviation stated that it had signed a facility agreement for a $650 million secured portfolio financing on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference. 15 narrowbody and widebody aircraft, including the Airbus A320/A321neo and A330-900 as well as the Boeing 737-8 and 787-9 Dreamliner, are secured. CDB Aviation Chief Financial Officer Brendan O'Neill said “We continue to successfully address CDB Aviation’s capital needs through diversifying our financing sources and by broadening and deepening our relationships with banking and capital markets providers. Our ability to engage global financial institutions is a direct reflection on the strong competencies and efforts of our Finance team and the support of our shareholder, CDB Leasing.”
EFW and Ameco to collaborate on A330P2F Conversions
At Airshow China 2022, Elbe Flugzeugwerke GmbH (EFW) and Aircraft Maintenance and Engineering Corp (Ameco) established a new partnership for Airbus Passenger-to-Freighter (P2F) conversions. Ameco will perform P2F conversions as a third-party service provider for EFW's A330P2F program as part of the cooperation. The first A330 aircraft induction is expected for 2023, and conversions will be completed at Ameco's facility in Chengdu, China.
Pratt & Whitney supports Shenzhen Airlines' expansion with six Airbus A321neos powered by GTF.
Shenzhen Airlines, which acquired its initial fleet of six Airbus A321neo aircraft from ICBC Leasing, chose Pratt & Whitney GTF engines, according to a press release from Pratt & Whitney. For ongoing engine maintenance, Shenzhen Airlines has also chosen an EngineWise Comprehensive service agreement. Later this year, the airline anticipates receiving its first A321neo powered aircraft.
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