02 Jan 2018

China Aviation Industry Newsletter 2 January

BOC Aviation delivers sixth Airbus A321-200 to Finnair BOC Aviation has delivered the sixth of six A321-200 aircraft to Finnair. This aircraft is from the Company's existing order book. BOC Aviation delivers Airbus A350-900 to Qatar Airways BOC Aviation has delivered an Airbus A350-900 aircraft to Qatar Airways. This is the second of six new aircraft leased to the airline under a purchase-and-leaseback agreement. CALC orders 50 A320neo aircraft CALC has signed a firm order for 50 A320neo Family aircraft. This latest incremental order brings CALC’s total order book to date to around 200 Airbus single-aisle aircraft. Mr. Mike Poon, Chief Executive Officer of CALC, said, “We are proud to augment our fleet by adding 50 in-demand A320neo jetliners that have outstanding fuel efficiency, reliability and passenger comfort. Since CALC’s inception, we have maintained a close and dynamic relationship with Airbus, and the commitment marks yet another endorsement of our mutual trust. This bulk purchase will significantly expand CALC’s fleet portfolio and further solidify our position as a full value-chain aircraft solutions provider. Currently, the majority of our fleet comes from direct purchase from manufacturers and that will remain the major source of our new aircraft.” CDB Aviation Completes Delivery of Initial Five New A320neo Aircraft to GoAir CDB Aviation announced that on December the delivery of two new Airbus A320neo aircraft to GoAir. The two aircraft represent the delivery of initial five of a total of 14 A320neos placed on long-term lease with the airline as part of a Purchase and Leaseback transaction announced on November 20. The remaining nine aircraft will be delivered to GoAir through the end of 2019. CDB Aviation Delivers First of Two New A321-200 Aircraft to Finnair CDB Aviation announced 15 December the delivery of the first of two new Airbus A321-200 aircraft on long-term lease to the flag carrier and largest airline of Finland, Finnair. The aircraft are part of the carrier’s fleet growth plans and are expected to support the increase in capacity in feeder traffic to support the previously announced expansion in long-haul capacity. CDB Aviation Delivers Second A321-200 To Asiana Airlines CDB Aviation announced that on December 18 the delivery of a second new Airbus A321-200 aircraft to South Korean carrier Asiana Airlines. The aircraft will be sub-leased to the airline’s subsidiary Air Seoul, representing the first new Airbus aircraft to join the low-cost carrier’s all-A321 fleet. China Eastern subsidiary transfers to CASC China Eastern Airlines announced the free transfer of its wholly owned subsidiary China General Aviation Corp (EGAC) to China Aviation Supplies Holding Co (CASC) last Tuesday, according to a statement on the website of the State-owned Assets Supervision and Administration Commission. Enabling China Eastern to optimize its resources. Hong Kong seals first aircraft leasing deal under new tax regime The first aircraft rental transaction to take advantage of new tax benefits designed to help Hong Kong-based aviation leasing companies compete with those in rivals leasing centres was completed this week. The lessor ICBC owned by the Industrial and Commercial Bank of China – the country’s biggest bank by assets – entered into an aircraft rental agreement with Korean Airlines for the lease of a new Boeing B787-9. Acumen Aviation © 2 January All Rights Reserved.