08 Nov 2022
China Aviation Industry Newsletter
BOC Aviation Signs $500 Million Club Loan
BOC Aviation disclosed that it had inked a five-year, $500 million unsecured term loan arrangement. The Facility will be applied to the repayment of an expiring term loan facility. BOC Aviation (Ireland) Limited is the borrower under the Facility, and BOC Aviation is the Facility's Guarantor.
Direct flights to China will be introduced by Air Serbia
Air Serbia will operate weekly nonstop flights using the Airbus A330-200 between Belgrade and Tianjin, the fourth-largest city in the People's Republic of China from 9 December. Air Serbia CEO Jiří Marek said “In spite of the still limited international air traffic with China and strict rules imposed since the outbreak of the coronavirus pandemic, our airline has succeeded in obtaining all the necessary permits and completed all preparatory activities, so that we can launch flights to Tianjin in December. Air Serbia is not a stranger to China. In 2020, we operated dozens of special cargo flights, transporting hundreds of tonnes of medical devices and equipment to Serbia. I am convinced that our direct service will help boost the already strong economic and cultural relations between the two friendly countries. Our ambitions in regard to flights to China do not end here. We hope that we will expand our network to other strategically important cities in the near future, such as Beijing and Shanghai.”
Hong Kong Airlines resumes service to Sapporo and Okinawa as Japan destination recovery progresses
After a two-year hiatus, Hong Kong Airlines welcomed the start of its service to Okinawa. Following the easing of travel restrictions, the airline has resumed service to three destinations in Japan this year, including Okinawa. Later this week will the carrier will resume operations to Sapporo. From December, it is anticipated that flight frequency between Okinawa and Sapporo will increase from three times a week to daily service.Hong Kong Airlines Vice President Mr Louis Li, said, “We are excited to resume direct flights to both Okinawa and Sapporo, adding these charming ports to our recovering network and offering our customers more travel options. With the anticipated increasing travel demands, we are looking to add more flights to both cities as well as other destinations we fly to.”
IAE and China Eastern Extend Fleet Hour Agreement for 50 Airbus A320ceo Family V2500 Engines
China Eastern Airlines, which operates 50 Airbus A320/A321ceo aircraft, has extended its Fleet Hour Agreement (FHA) with Pratt & Whitney for more than 100 of its V2500 engines. Engine Wise Data by ADEM (Advanced Diagnostics and Engine Monitoring) services are included in the deal to give on-wing monitoring. “China Eastern is a highly valued customer and collaborator of ours with strategic importance,” said Lori Liu, president, Pratt & Whitney China. “The extension of the FHA is another vote of confidence in our strong service offering with proven value adding for airlines customers.”
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