Acumen logo
China Aviation Industry Newsletter 11 January

China Aviation Industry Newsletter 11 January

China Aircraft Leasing Orders 30 ARJ21s, Plans to Lease Aircraft to Indonesian Airline TransNusa

China Aircraft Leasing (CALC) plans to lease 30 Commercial Aircraft Corporation (Comac) ARJ21 regional jets to Indonesian regional carrier TransNusa Aviation Mandiri, representing a renewed push by China aircraft manufacturers to gain traction in the largest aviation market in Southeast Asia and one that is forecast to become the world’s fourth largest aviation market. The Chinese aircraft lessor says in a statement to the Hong Kong stock exchange late yesterday that it has agreed to buy 30 Comac ARJ21 regional jets with options for 30 more. “It is estimated that the aircraft will be delivered in stages up to 2026. Before the delivery of an aircraft, the parties will agree on the delivery arrangement among themselves. Further announcement will be made by the company as and when appropriate,” it adds.

China’s ARJ21 jetliner hits record-high annual delivery of 24 aircraft

China’s ARJ21 regional jetliner hit a record high annual delivery of 24 aircraft in 2020, according to the Commercial Aircraft Corporation of China (COMAC). The OEM has delivered ARJ21’s to six Chinese airlines Air China, China Eastern Airlines, China Southern Airlines, Chengdu Airlines, China Express Airlines, Jiangxi Air and Genghis Khan Airlines.

China Eastern subsidiary OTT Airlines outlines launch network

The launch of OTT Airlines will contribute to strong recovery of China’s domestic market. China Eastern’s new subsidiary OTT Airlines is planning to launch at least five routes during the first quarter of 2021 as it seeks to gain a foothold in China’s domestic market.

China Southern is world’s third-largest airline this winter

China Southern is the world’s third-largest airline this winter. It jumped three places from sixth in winter 2019, aided by 16% more seats year-on-year. It is also because China is seemingly returning to normal faster than most countries from being the first country afflicted by the pandemic and from its enormous domestic market. Domestic markets are, of course, rebounding faster than international.

Honeywell, Sichuan Airlines Ink Historic Deal On Auxiliary Power Units

Sichuan Airlines has selected Honeywell’s 131-9A auxiliary power units (APUs) for its A320 fleet of aircraft. As part of a five-year agreement, Honeywell will provide the 131-9A APU for Sichuan Airline’s 93 new A320 aircraft that will enter service by 2025. The airline will also replace the APUs on its 141 existing A320 aircraft with the same Honeywell APU. This is the largest APU retrofit deal in Honeywell’s history. Li Yue, executive vice president of Sichuan Airlines said “We are pleased to collaborate with Honeywell. We hope that the outstanding performance of its legendary APUs will help us improve operational efficiency.”

Latest ARJ21 Order Boosts Comac’s Export Prospects

China Aviation Leasing inked an agreement with Comac last week for the firm order of 30 ARJ21-700 regional jets and options on another 30 valued at $2.28 billion at list prices. Comac via its WeChat account said the latest order will boost the development of China’s domestic sector and pave the way for entry into Southeast Asia’s emerging markets. Plans call for the two groups to build an overseas base to support jet operations; however, they did not disclose specific terms of the deal or expected delivery schedules.

Acumen Aviation © 11 January 2021 All Rights Reserved.