15 May 2017

China Aircraft Leasing Newsletter 15 May

AirAsia gets aggressive in China market, signs JV to operate budget carrier AirAsia Berhad has partnered with Everbright and Henan Government Working Group to establish a low-cost carrier (LCC) in China. AirAsia  said the parties had signed a memorandum of understanding (MOU) which outlines how it will establish a joint venture known as AirAsia (China), in operating a low-cost aviation business based in Zhengzhou, the capital of Henan province in central China. Avolon predicts China will need 3,200 new aircraft by 2026 China’s booming air travel market will require 3,200 new airliners over the coming decade, with more than 50% still to be ordered, according to a new study released by lessor Avolon. In its white paper on the Chinese market, Avolon said China is the largest generator of outbound passengers, with more than 120 million people taking overseas flights in 2016. BOC Aviation deliveries a Boeing 777-300ER aircraft to EVA Air BOC Aviation announced 2 May the delivery of a Boeing 777-300ER aircraft to EVA Air. This aircraft is from the Company's existing order book. BOC Aviation delivers fourth Airbus A321-200 to Finnair BOC Aviation delivered the fourth of six Airbus A321-200 aircraft to Finnair. This aircraft is from the Company's existing order book. BOC Aviation Takes Delivery Of 500th Aircraft BOC Aviation Limited announced 4 May the delivery of its 500th aircraft comprising aircraft manufactured by Airbus and Boeing. The aircraft was an A320-200 delivered to China Eastern Airlines at the end of April. CDB Aviation Lease Finance Delivers New Airbus A320-200ceo to Loong Air CDB Aviation Lease Finance announced 8 May the delivery of one new Airbus A320-200ceo aircraft to Chinese carrier, Loong Air. The A320-200ceo is the second aircraft from a Purchase and Leaseback transaction with Loong Air, bringing the current number of CDB Aviation’s aircraft to 16 with the Hangzhou-based airline. CDB Aviation Delivers New B737-800 to Shandong Airlines CDB Aviation Lease Finance announced 8 May the delivery of one new Boeing 737-800 aircraft to Chinese carrier, Shandong Airlines. The 737-800 is from CDB Aviation’s order book and represents the CDB Aviation’s eleventh aircraft on lease to the Jinan, Shandong-based airline. China Aircraft Leasing Group enters into repurchase agreement with China Everbright China Aircraft Leasing Group enters into repurchase agreement with China Everbright. The Company entered into repurchase agreement with China Everbright agreed to repurchase, and china everbright agreed to sell, relevant convertible bonds in aggregate principal amount of HK$155.2 million. Hong Kong chief delivers pitch to lessors Hong Kong chief executive CY Leung has opened the ISTAT Asia conference setting out the advantages of the city to the global aircraft leasing sector. In a speech, he says that the aviation industry contributes around 3% of Hong Kong's GDP, but it is "keen to diversify and add value...which is why we are now targeting the aircraft leasing business." Minsheng delivers first Chinese mainland registered Gulfstream G650 Minsheng Financial Leasing has delivered the first Gulfstream G650 to be registered on the Chinese mainland B- registry. According to records G650ER (MSN 618) was B-3255 in May. It flew via Anchorage, Alaska, on delivery to Tianjin. The CAAC, China’s civil aviation regulator, certificated the Gulfstream G650 and G650ER in February 2017. Acumen Aviation © 15 May All Rights Reserved.