02 Jan 2024
BOC Aviation celebrates 30th anniversary
First Airbus A330P2F delivered to Air China Cargo
Air China Cargo and Ameco and partners Airbus and Elbe Flugzeugwerke GmbH (EFW) marked 15 December the CRS (Certificate of Release to Service) of the first of eight Airbus A330P2F aircraft for Air China Cargo. Air China Cargo will convert existing Air China A330 aircraft. Air China Vice President Hongyan Wang said “To enforce our freighter fleet with Airbus converted freighters was a natural step."
BOC Aviation celebrates 30th anniversary
BOC Aviation celebrated 30 years since it was founded as Singapore Aircraft Leasing Enterprise Pte. Ltd. by Singapore Airlines and Boullioun Aviation Services on 25th November 1993.
BOC Aviation Deputy Managing Director and Chief Financial Officer Steven Townend said "With total assets of more than US$22 billion, we are the largest aircraft owner in Southeast Asia and manage these with fewer than 200 people. Since Bank of China acquired us in December 2006, we have grown our revenue from US$255 million to US$2.3 billion in 2022. In the last 30 years, our return on equity has been consistently one of the highest amongst major lessors and we have one of the highest credit ratings in the industry. Contributing to this has been the strong support that we have received from the Singapore government, encouraging us to develop the leasing industry locally.”
Cathay Cargo Orders Six Airbus A350 freighters
Cathay Cargo announced its selection of Airbus A350F freighter to meet its future fleet requirements, placing an order for six aircraft and 20 purchase rights. Cathay Group Chief Executive Officer Ronald Lam said: "As we move into 2024, our rebuild journey is gaining momentum. This order marks another major component in our investment for the future. It reflects Cathay's confidence in the Hong Kong hub as we look ahead to the opportunities provided by the Three-Runway System. These highly fuel-efficient, next-generation freighters will provide important additional cargo capacity, expand our global network and contribute to our sustainability leadership goals."
China Eastern Airlines and Etihad Airways Strengthen Strategic Cooperation
China Eastern Airlines announced plans to strengthen their partnership by signing a Strategic Cooperation Memorandum of Understanding (MoU) with Etihad Airways, to enhance commercial and operational ties, extending to areas including cargo transport, maintenance, repair and overhaul, ground handling, catering, lounge access, staff training. The MoU should enhance China Eastern’s ambition to launch a new route to Abu Dhabi. China Eastern Airlines Group President Li Yangmin said "The MoU builds upon our existing co-operation. It makes possible an agreement that would allow us to collaborate in real and practical ways as part of the continually flourishing relationship between China and the UAE."
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