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China Aviation Industry Newsletter 11 April

China Aviation Industry Newsletter 11 April

BOC Aviation orders 80 A320neo Family

BOC Aviation has signed a firm order for 80 A320neo family aircraft comprising 10 A321XLR, 50 A321neo and 20 A320neo. The latest agreement takes BOC Aviation’s total direct orders with Airbus to 453 aircraft from the single aisle A320 Family to the A330 and A350 widebodies. BOC Aviation Managing Director and Chief Executive Officer Robert Martin said “We are proud to continue our long-standing relationship with Airbus, with whom we have partnered for more than 26 years. This is the largest single order that we have ever placed and it will bring our total Airbus aircraft purchased since inception to 546. It underscores our continued confidence in the A320neo family for its reliability and operational efficiency and reflects the popularity of the aircraft amongst our airline customers. We look forward to continuously providing our customers with such fuel-efficient and technologically advanced aircraft solutions.”

CALC’s MRO business ushers in new stage of development with Integration of facilities into Harbin Taiping International Airport Flight Zone

China Aircraft Leasing Group Holdings announced that FL ARI Aircraft Maintenance & Engineering Company Ltd a joint venture with leading European aircraft maintenance and overhaul (MRO) service provider FL Technics, has completed its first base maintenance activity on an Airbus A320 aircraft earlier, following the integration of CALC’s recycling facility (China Aircraft Recycling Remanufacturing Base) into the Harbin Taiping International Airport Flight Zone. Mr. Mike Poon, Chief Executive Officer of CALC, said, “The aftermarket business of CALC is a key pillar of the Group’s sustainable development strategy and the core of its efforts in developing a green asset management and low-carbon aviation circular economy business model throughout the aircraft lifecycle. With support and guidance from industry supervisory authorities and Heilongjiang Airport Management Group, the Harbin base completed works relating to integration into the restricted flight zone of Harbin Taiping International Airport as scheduled, built and improved air control and maintenance systems in accordance with regulations and standards for construction of civil aviation airports. This has established a firm footing for development of various businesses for the Harbin base, representing a critical step in the MRO business development for the Group. FL ARI has become one of the few MRO companies having their own hangars and aprons within flight zones in China. The new approval granted by CAAC is not only a great improvement of FL ARI’s maintenance capabilities but also an important milestone in expanding our aircraft maintenance business.”

CDB Aviation Signs New Sale and Leaseback Agreement with Volaris for Five Airbus Aircraft

CDB Aviation announced the lessor entered into a new sale and leaseback agreement with its existing customer, Volaris for a fleet of five Airbus aircraft, encompassing two A320neos and three A321neos. The new agreement brings the number of CDB Aviation aircraft on lease to Volaris to a total of thirteen aircraft, which were secured through the lessor’s orderbook with Airbus, as well as Sale and Leaseback transactions with and without Pre-Delivery Payments . Four of the aircraft were already delivered and the further nine will be delivered by the fourth quarter of 2024. CDB Aviation Head of Commercial, Americas Luís da Silva said “We are thrilled to be deepening our ongoing collaboration with the Volaris team in support of efforts to bolster their leadership position in the Mexican domestic market and execute on an aggressive strategy of growth and strong operational performance.”

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