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China Aviation Industry Newsletter 31 August

China Aviation Industry Newsletter 31 August

Boeing 737NG freighter delivery to China-based Tianjin Air Cargo

Spectre Cargo Solutions announced another milestone in its development through its Irish entity NGF Overseas Aircraft Ltd it delivered a Boeing 737-700BDSF aircraft to Tianjin Air Cargo (TJAC).  The freighter is on a long-term operating lease with Tianjin Air Cargo.  It is the first Boeing freighter of the type to be delivered to a Chinese operator. Spectre’s order book currently exceeds 30 freighters across 737-800BDSF & -700BDSF (IAI), 737-800BCF (Boeing) and 757-200PCF (Precision).

CDB Aviation and Wizz Air Agree Sale-Leaseback for Four New A321neos

CDB Aviation announced the signing of a sale and leaseback agreement for a fleet of four new Airbus A321neo aircraft with the company’s current customer, Wizz Air/ “The unrelenting drive to stimulate new markets demonstrates Wizz Air’s strategic efforts to aid the region’s nascent air travel recovery, while opportunely positioning its platform for the resumption of growth,” asserted CDB Aviation Chief Marketing Officer Peter Goodman.

China’s domestic air travel to rebound by September

Domestic air travel in China will have fully recovered from the Covid-19 downturn by the start of September. That is the prediction form ForwardKeys, following an analysis of recent growth in the Chinese domestic aviation sector. In the second week of August, domestic arrivals at Chinese airports reached 86% of 2019 levels and bookings hit 98%, with most travel set for mid to late August. ForwardKeys believes aggressive price promotions and an increase in domestic aviation capacity at the end of August will help drive figures back up to pre-pandemic levels. Olivier Ponti, VP, Insights, ForwardKeys, said: “This is a highly significant moment because it is the first time, since the start of the COVID-19 outbreak, that a major segment of the aviation market anywhere in the world has returned to pre-pandemic levels. The big question is whether heavy discounting will still be needed to maintain the recovery or whether the industry will return to profitability during the upcoming Golden Week holiday in October.”

China Eastern Airlines Brings ‘Clear Your Plate’ initiative onto Plane

China Eastern has asked flight attendants to verbally remind passengers to not waste food and take only what they need, and added labels with the words “‘Clear Your Plate’ initiative” onto the packages of in-flight meals. Besides in-flight friendly reminders of the initiative, China Eastern has also put up eye-catching signboards bearing slogans such as “Take as much as you need, and say ‘no’ to food wastage”, as well as “Strictly practice thrift and oppose waste” in its VIP rooms at airports across the country. Moreover, the company has taken advantage of big data in in-flight meal preparation and established an effective food preparation scheme as part of the efforts to curb food wastage. According to relevant statistic the system can save about 100 kg to 150 kg of food materials on a daily basis for the in-flight meal processing workshop of China Eastern in Shanghai alone.

Major Chinese airlines record total revenue of $13.7B in Q1Q2

The three major airlines in China – Air China, China Eastern, and China Southern Airlines had released their 2020 semi-annual report last weel. The number shows that in the first half of the year, the three airlines achieved total revenue of CNY 93.739 billion ($13.7 billion). Due to effective epidemic prevention and control, China’s aviation market is taking the lead in global recovery. In recent months, China has relaxed some travel restrictions to allow citizens to take domestic flights, contributing a vital part for Chinese airlines.

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