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China Aviation Industry Newsletter 7 March

China Aviation Industry Newsletter 7 March

BOC Aviation Purchases 11 Boeing 737 MAX 8 Aircraft For Lease To Lynx Air

BOC Aviation announced it has agreed to purchase 11 new Boeing 737 MAX 8 aircraft from The Boeing Company. The aircraft will be leased to Lynx Air on long term leases. They will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2023 and 2024. Managing Director and Chief Executive Officer, BOC Aviation Robert Martin said “We are delighted to welcome Lynx as a new customer and are pleased to support the airline’s plans to serve the Canadian travel market with the most fuel-efficient, technologically advanced aircraft. This transaction demonstrates the innovative financing solutions that we provide for our global customer base and reflects our disciplined investment strategy focused on a portfolio of latest technology aircraft”

China Aircraft Leasing Group (CALC) Appoints four new senior executives

China Aircraft Leasing Group (CALC) announced the appointments of four senior executives as part of its ongoing efforts to strengthen CALC’s strategic presence in key markets around the world. The four senior executives are expected to help the group tap opportunities afforded by recovery of the aviation industry in the post-pandemic period. The appointees include Donald Liu as Deputy Chief Commercial Officer Greater China, Luis Ayala as Chief Development Officer, George Ren as Managing Director Corporate Finance. Richard Wall as Chief Technical Officer. China Aircraft Leasing Group (CALC) CEO & President Mike Poon stated “CALC has been building up our muscles persistently to enhance its fleet upgrade capabilities and global presence by introducing more professional managers to help us proactively capture the opportunities in the post-epidemic era. The new joiners are benchmarks of best practices in our industry, and they share the same vision of bringing the value of CALC’s ESG fleet upgrade solutions in supporting a sustainable aviation industry. They have strong track records in leading high-growth enterprises in international expansion with their visions and insights. We are all set to sharpen further CALC’s edges in our home market in China, while expanding our global footholds, generating better value and return for all stakeholders.”

China’s AG600 large amphibious aircraft gets financial-leasing support

The development of China’s AG600 large amphibious aircraft has gained support from the financial-leasing sector, the Aviation Industry Corporation of China (AVIC) announced last week. China Aviation Industry General Aircraft Co., Ltd., a subsidiary of AVIC, signed a strategic cooperation agreement with Everbright Financial Leasing Co., Ltd to jointly boost research and development of the AG600 and its future operation, said AVIC.

Honeywell joins Oriental Energy to build million tonne sustainable aviation fuel production facility

Honeywell and Oriental Energy Company have announced that a sustainable aviation fuel (SAF) production facility will be built in China. The plant in Maoming, Guangdong Province, will have an annual output capacity of 1 million tonnes. The new facility will help meet a growing SAF demand, facilitate greenhouse gas emission reduction in aviation fuel production through the deployment of innovative technologies and support China’s goals to reduce CO2 emissions and achieve carbon neutrality by 2060.

Pakistan International Airlines (PIA) gets operating licence for two more destinations in China

Pakistan International Airlines (PIA) has been granted two more operating licences by the  Civil Aviation Administration of China (CAAC), for Guangzhou and Xian, in addition to Beijing.

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