13 Jul 2020
China Aviation Industry Newsletter 13 July
Air China completes its maiden ARJ21 service
Air China has completed its maiden flight of a Comac ARJ21 regional jet on the domestic routing from Beijing Capital airport to Xilinhot reported Flightglobal 10th July.
Bell Delivers First ENG Helo to China
Bell has delivered the first electronic newsgathering (ENG)-equipped helicopter to China. The Bell 429, intended for Chinese national broadcaster China Central Television (CCTV), will also become the first ENG-configured 429 to enter service. “It’s a great milestone for Bell to collaborate with the Chinese TV station,” said Jacinto Monge, managing director of the OEM’s northern Asia division. “We appreciate the support we have received from the media community all over the world.”
CAPA: close to full recovery in domestic China airline capacity by end-2020
China is expected to recover to 90% of its prior capacity levels by the end of 2020, according to a new research released by CAPA - Centre for Aviation projection.
China aviation recovery to surpass rest of APAC through August: Cirium
China’s aviation recovery is expected to surpass that of other Asia-Pacific markets through August, according to forecasts by Ascend by Cirium. Speaking at Cirium’s recent virtual seminar on Post Coronavirus Recovery for Aviation in China and the Asia-Pacific Region, Joanna Lu, head of consultancy-Asia noted that seven-day seat capacity in the mainland is expected to recover to pre-Covid-19 levels, and possibly even see a slightly positive year-on-year growth by end-August.
China Eastern's "Fly at Will" Ticket Package for Unlimited Weekend Travel Boosts Circular Economy
As the first-ever air ticket discount package launched in China that allows passengers to enjoy unlimited weekend flights till December 31, the "fly at will" released on June 18 was priced at 3,322 yuan (about $473.72). 150,000 passengers flew to enjoy holidays or visit their family by using the ticket package, which has become a hot topic and a phenomenal economic activity in China. The average passenger load factor of the China Eastern flights from Shanghai to more than ten destinations rose by nearly 20%, with the figure of some flights even surpassing 90% load factor.
Fitch Affirms BOC Aviation at 'A-'; Outlook Stable
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) on BOC Aviation Limited's Long-Term Issuer Default Rating at 'A-'. The Outlook is Stable. Fitch has also affirmed the ratings on BOC Aviation senior unsecured debt and medium-term note programme at 'A-'. BOC Aviation continued to grow mainly through purchase and leaseback transactions in the first half of 2020 while other lessors slowed their growth, supported by its continuous access to funding.
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