01 Mar 2021

China Aviation Industry Newsletter 1 March

BOC Aviation Signs Purchase-And-Leaseback Agreement With Indigo For Eight New Airbus A320neo Aircraft BOC Aviation to announce that it has signed purchase-and-leaseback agreements with IndiGo for eight new Airbus A320NEO aircraft. The aircraft will be powered by CFM Leap engines and are scheduled to be delivered in the second half of 2021. Mr. Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo, said: “We are pleased to further strengthen our existing relationship with BOC Aviation. The addition of these eight A320NEO aircraft demonstrates our confidence in the future growth of the aviation market in India.” China Eastern Airlines signs LOI with COMAC for 5 C919 aircraft   China Eastern Airlines announced it signed a Letter of Intent (LOI) with Commercial Aircraft Corporation of China (COMAC) for 5 C919 aircraft. China's resilience buoys up global aviation industry China is leading the global civil aviation industry in recovering from the impact of COVID-19. China's civil aviation sector has remained the world's second-largest in terms of passenger trips for the past 15 years, according to the CAAC. Airbus China CEO George Xu said “China's civil aviation market has shown its resilience during the pandemic. It has brought confidence to global aviation industry players like Airbus. China plays a strategic role in the global civil aviation market, and Airbus remains consistent in its commitment to China”. Shanghai to speed up construction of railway station and airport terminal The construction of Shanghai's East Railway Station and terminal three of Shanghai Pudong International Airport will be accelerated during the 14th Five-Year Plan (2021-25) period, the Pudong New Area government announced last week during a press conference. Acumen Aviation © 1 March 2021 All Rights Reserved.