11 Nov 2019

China Aviation Industry Newsletter 11 November

AJW Group Expands In China With New Joint Venture AJW Group has announced the formation of a new joint venture to help drive its growth in China. The joint venture will be called AJW Greavia Limited and has been established with Hong Kong-based, Greavia Limited to enable AJW Group to better serve the booming Chinese aviation market.  AJW Greavia Limited will be led by the retiring Chairman of AJW London, Randeep Grewal, who will drive its focus on strategic commercial aviation opportunities with selected Chinese partners. BOC Aviation Announces Change Of Chief Commercial Officer For Asia Pacific And The Middle East BOC Aviation announced a change to its senior management due to retirement. Mr. Gao Jinyue will retire from his role as Chief Commercial Officer (Asia Pacific and the Middle East) with effect from 9 November 2019. Mr. Gao joined BOC Aviation as a Non-executive Board Director in December 2006, and joined the senior management team as Chief Commercial Officer in December 2014. “Our thanks go to Chris for his contributions to the Company, and we wish him well in his retirement,” said Robert Martin, Managing Director and Chief Executive Officer. “We are delighted to welcome Lanny in his new role. His experience in global markets and banking, together with his extensive experience in China, will bring additional depth to the senior management team.” CFM concludes $1 billion U.S. Agreement During French State Visit to China In conjunction with French President Emmanuel Macron’s state visit to China, Colorful Guizhou Airlines today finalized a 12-year Rate-Per-Flight-Hour (RPFH) Agreement for the LEAP-1A engines that will power the airline’s future fleet of up to 35 Airbus A320neo aircraft, along with five spare engines. The agreement is valued at approximately $1.0 billion U.S. at list price. RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM Services guarantees maintenance costs for the airlines LEAP-1A engines on a dollar per engine flight hour basis. Pratt & Whitney Signs EngineWise Comprehensive Services Agreement with China Southern  Pratt & Whitney announced that China Southern Airlines signed a 12-year EngineWise® Comprehensive services agreement. The agreement will cover engine maintenance for China Southern’s fleet of 24 Pratt & Whitney GTF™ powered Airbus A320neo aircraft. “We are thrilled to sign our first EngineWise services agreement with China Southern and help the airline to manage their engine fleet more efficiently," Yogesh Farswani president, Commercial Engines Customer Business, Greater China. “EngineWise is our commitment to integrate our engine expertise and fleet intelligence into services for our customers.” Pratt & Whitney Inks EngineWise Comprehensive Services Agreement with China Eastern Airlines  Pratt & Whitney announced that China Eastern Airlines has signed an EngineWise Comprehensive services agreement. The agreement will cover engine maintenance for the airline’s V2500® engines. "We would like to thank China Eastern for their continued confidence in Pratt & Whitney to maintain their V2500 engines – one of the largest fleets in the world,” said Yogesh Farswani president, Commercial Engines Customer Business, Greater China. “EngineWise represents our long-term commitment to customers to improve the predictability, reliability and health of their fleets. We look forward to commencing aftermarket services with China Eastern.” Rolls-Royce And China Southern Airlines Sign A Letter Of Intent For The Selection Of Totalcare Rolls-Royce and China Southern Airlines have signed a Letter of Intent for engine maintenance, repair and overhaul services for 20 new Trent XWB-powered Airbus A350 aircraft. The agreement will see Rolls-Royce provide the Guangzhou-based airline with its flagship TotalCare long-term aftercare service solution, which is designed to maximise aircraft availability. “The selection of TotalCare by China Southern Airlines for its 20 new Trent XWB-powered A350s is testament to the strength of the relationship we have with one of China’s largest airlines,” said Paul Freestone, Rolls-Royce, Senior Vice President – Customers, Greater China. “We look forward to continuing to work closely with the team at China Southern Airlines to deliver engine efficiency for the A350, enhanced by this dedicated long-term care agreement.” The Cathay Pacific Group Plans Fleet Optimization Cathay Pacific Group will optimize the passenger fleet of its airlines – Cathay Pacific, Cathay Dragon and HK Express – in order to allow each airline to achieve their full development potential by leveraging their respective unique strengths. Following a comprehensive review of its airlines’ fleets, the Group has decided that Cathay Dragon will operate the first 16 of these narrow-body A321neo aircraft upon delivery from 2020 to 2022. The remaining 16 aircraft, meanwhile, will join the HK Express fleet from 2022. Acumen Aviation © 11 November 2019 All Rights Reserved.