29 Jul 2019

China Aviation Industry Newsletter 29 July

BOC Aviation Announces Sale of 17 Aircraft BOC Aviation signed an agreement to sell a portfolio of 17 aircraft to Silver Aircraft Lease Investment I Ltd. and affiliates (“SLVRR 2019-1”). The notes are backed by the 17 aircraft to be acquired from BOC Aviation. These commercial jet aircraft are currently on lease to 14 airlines in nine countries and regions, and comprise eight Airbus A320 family aircraft, seven Boeing 737NG aircraft, one Boeing 787-8 aircraft and one Boeing 777-300ER. The portfolio has a weighted average age of 6 years and weighted average remaining lease term of 5.4 years, based on weighted average appraised values as of 31 March. BOC Aviation Delivers First Airbus A330-900NEO Aircraft To Lion Air BOC Aviation announced 22^nd July the delivery of its first Airbus A330-900neo aircraft to Lion Air. This is the first of the new Airbus A330neo family aircraft scheduled for delivery to Lion Air Group, all to be powered by Rolls Royce Trent 7000 engines, and part of a transaction that BOC Aviation first announced in August 2018. “We are delighted to induct the first of our Airbus A330neo family aircraft into our fleet and to assist the Lion Air Group with its continued expansion plans,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “This milestone delivery is the Lion Air Group’s first Airbus A330neo family aircraft. It reflects our strong partnership with both the Lion Air Group and Airbus, as well as our commitment to invest in highly efficient, new technology aircraft.” CAAC East China Regional Administration Visits Chengdu to Guarantee Operation with ARJ21 Next Year In order to make a full and profound understanding of the running condition of the homemade ARJ21 and accumulate experience in safely operating with domestic civil airliners, the visit this time aimed at guaranteeing and enhancing the manufacturing quality of the aircraft, and especially laying a solid foundation for the service of ARJ21 next year for China Eastern and Jiangxi Airlines. In the symposium, Tang Jin, Chairman of Chengdu Airlines introduced the development process and basic situation of the company. General manager Zha Guangyi reported in detail on the running condition and future expectations of ARJ21. Pinpointing the problems found in operation, heads of related departments and staff at the production line made in-depth exchanges and communications. China's Civil Aviation Fleet Exceeds 3,700 China had a total of 3,722 civil aircraft at the end of June this year, said the latest statistics released by China's civil aviation authorities. China has seen a strengthening civil aviation industry thanks to continuous growth in various aspects, such as the fleet size and total transport turnover, the Civil Aviation Administration of China (CAAC) said. Competition Rises in the New Airport, Beijing Beijing Daxing International Airport is about to open, after 4 years' construction. Resembling a flying phoenix with a bird's eye view, the terminal will welcome its first commercial flight 3 months later. The new airport is an independent international hub, for one thing, to expand and supplement the already saturated time slots and air space in Capital International Airport, for the other, to support the building of Xiong'an New District and facilitate the integration of Beijing-Tianjin-Hebei Region. Normally, a cosmopolis like Beijing at least possesses 2 airports, such as New York with 3 ten-million level airports: John F. Kennedy International Airport, Newark Liberty International Airport and LaGuardia Airport, London with Heathrow International Airport and Gatwick Airport, Tokyo with Haneda Airport and Narita International Airport. The opening of the new airport also indicates the reallocation of resources and powers in Beijing civil aviation market. According to the original arrangement of civil aviation authority, China National Aviation Holding Company (parent company of Air China) along with other Star Alliance's airlines will still operate in Beijing Capital Airport, while members of SkyTeam such as China Eastern and China Southern will settle in the new airport. Acumen Aviation © 29 July 2019 All Rights Reserved.