11 May 2020

China Aviation Industry Newsletter 11 May

BOC Aviation Signs Purchase-And-Leaseback Agreement With Southwest Airlines For 10 Boeing 737 Max 8 Aircraft BOC Aviation announced that it has signed a purchase-and-leaseback agreement with Southwest Airlines for 10 Boeing 737 MAX 8 aircraft. All 10 aircraft are powered by CFM LEAP-1B engines. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are delighted to be working with Southwest Airlines once again, building on a long-term relationship that dates back to 2008. This is the sixth major aircraft investment that we have announced this year, which reflects our Company’s ability to provide innovative financing solutions for large-volume transactions and our commitment as a global partner to our airline customers.” BOC Aviation Signs Purchase-And-Leaseback Agreement With Wizz Air For Six Airbus A321Neo Aircraft BOC Aviation announced that it has signed a purchase-and-leaseback agreement with Wizz Air for six new Airbus A321neo aircraft. All six aircraft will be powered by Pratt & Whitney GTF™ PW1100G-JM engines, and are expected to deliver in 2020 and 2021. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are very pleased to be supporting Wizz Air once again as a strategic partner in the airline’s long-term fleet plan as it maintains its position as a market leader in Central and Eastern Europe.” József Váradi, Chief Executive Officer of Wizz Air said "We are delighted today to be signing yet another deal with BOC Aviation. The six new Airbus A321neo aircraft will expand our fleet and further strengthen our aim to fly the greenest and most efficient aircraft currently available. In these unprecedented times, Wizz Air is strongly committed to its aircraft order and today's development reinforces our goal to stay the most efficient, most productive and financially one of the best-performing airlines in Europe." Central China's hub airport starts e-freight pilot project China has approved Zhengzhou Xinzheng International Airport to start a pilot project of e-freight, targeting to facilitate its development into an international air cargo hub, according to the civil aviation authorities. The e-freight pilot project is a move to implement the central government's deployment of facilitating the logistics industry, according to the Civil Aviation Administration of China. The two-year pilot project started on 8th May. It will carry and try integrated digital technologies which include an electronic freight information platform, smart security check information system and air logistics public information services platform. China domestic travel shows green shoots of recovery Air travel and flight capacity within China are showing first signs of recovery, according to press statements from travel analytics companies ForwardKeys and Cirium. While this could mean travel players in specific locations in China can look forward to a rebound in the coming months. China to further support small, medium-sized airports in remote regions China will further support small and medium-sized airports in remote regions and regions difficult to reach by land, aiming to improve all people's travel conditions. China will further support small and medium-sized airports in remote regions and regions difficult to reach by land, aiming to improve all people's travel conditions, according to the latest policy. The Ministry of Finance and the Civil Aviation Administration of China jointly issued the policy on the management of subsidies to small and medium-sized airports. Support to small and medium-sized airports in regions with deep poverty, border regions, ethnic minority areas and other remote regions with inconvenient land transportation will be strengthened, said the policy. The move is expected to beef up civil aviation, help alleviate poverty, promote regional economic growth and improve people's transport conditions. Acumen Aviation © 11 May 2020 All Rights Reserved.