06 Nov 2023
China Eastern Airlines returns to Brisbane
AerDragon completes SAS Airlines sale and lease back transaction
AerDragon announced a purchase and leaseback transaction with SAS Airlines for two Airbus A320neo’s to be delivered in 2024. AerDragon CEO Gang Li said “We are delighted to be part of the successful transformation plan of SAS and to support its sustainability strategy. SAS is the leading airline in the Scandinavian market and has been an innovator since its inception. We look forward to building a long-lasting partnership.”
China Eastern Airlines returns to Brisbane
China Eastern Airlines resumed Shanghai to Brisbane after a three year absence effective from 2 November operating three times weekly operated with two class 234 seat Airbus A330-200 aircraft. The service will increase to daily for Chinese New Year peak travel season from 8 December 2023 through to February 2024. The route was secured as part of the State Government’s $200 million attracting aviation investment fund. Brisbane Airport Corporation Chief Executive Officer Gert-Jan de Graaf said “Shanghai is China’s largest city and a commercial hub, making it a key city for business and leisure travel. This is big news for Brisbane, the Gold Coast and North Queensland.”
Qantas resumes connectivity between Sydney and Shanghai
Qantas reconnected Sydney and Shanghai effective from 29 October operating five times weekly by Airbus A330-300 aircraft increasing to a daily service from 31 March 2024. The route marks the final international destination to return to Qantas’ pre-COVID network since borders reopened. Qantas International CEO Cam Wallace said “Adding Shanghai back on our network map is great news for our customers, especially those travelling for business or visiting friends and relatives in China as well as providing critical additional air freight between the two countries. The business travel market is a key focus for this route, and we expect the recent trade developments will drive more travel between Australia and China. While demand from Chinese visitors wanting to travel to Australia is below the record levels that we saw prior to the pandemic, demand has been steadily climbing since borders reopened.”
Satair targets China for growth
Stair announced it entering the Chinese market establishing a legal entity, Satair (Chengdu) Co., Ltd. The new entity supports commercial strategy of ramping up Used Serviceable Material (USM) growth and localising services to support the substantial growth expected in both the Chinese and global commercial aviation USM markets, +40% worldwide through 2027. This entity will play a lead role in operations of the first Aircraft Lifecycle Services centre in China and monetizing end of life assets through the sale of USM worldwide.
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