14 Aug 2017

China Aviation Industry Newsletter 14 August

Avolon publishes assessment of Boeing 737 MAX Avolon 10 August issued a paper assessing the Boeing 737 MAX aircraft family titled, The 737 MAX – Taking Flight. This paper analyzes the impact of the evolving changes to the MAX family’s composition on the narrowbody aircraft market. At a broader level, the paper analyzes the strategic moves that led to the launch of the MAX family and how Boeing responded to Airbus’ launch of the A320neo family. BOC Aviation Flies High as Asia Travel Takes Off Low interest rates and booming demand for air travel have provided strong tailwinds for the aircraft leasing industry in recent years. BOC Aviation  has grown its portfolio from 50 planes in 2004 to 261 planes this year and is set to be the largest buyer of aircraft in 2017, with 80 deliveries on the radar. “It is clear the last three years have been very good to the airline industry,” Martin told Barron’s when we caught up with the Briton at BOC Aviation’s head office in Singapore. CALC reaches new milestone in its globalization strategy CALC announced that it has delivered a new Airbus A320 aircraft to Vanilla Air, a subsidiary low-cost carrier owned by ANA Holdings in Japan. This delivery follows the lease agreement signed between CALC and ANA in July 2016, and marks CALC's foray into Japan's aircraft leasing market. CALC currently has a fleet of 92 aircraft, and expects to expand its fleet to a total of no less than 110 aircraft by the end of the year, and a total of no less than 232 aircraft by 2023 based on firm orders. Hong Kong Airline’s first A350 XWB performs maiden flight in Toulouse The first A350-900 for Hong Kong Airlines has completed its maiden flight in Toulouse, France. The aircraft will now enter the final phase of production, further ground checks and test flights before being prepared for delivery at the end of August. Hong Kong Airlines has a total of 15 A350 XWB on order. With the delivery of its first A350, Hong Kong Airlines will be one step closer to turn itself from a regional airline to a global carrier. The new aircraft has already been assigned an important role to serve the company’s newly launched long-haul route to Los Angeles starting from 18 December this year. Huatai Insurance Group invests in Commercial Aircraft Corporation of China With great support from policy, projects of insurance funds supporting real economy have been put into place successively. Commercial Aircraft Corporation of China Ltd. (COMAC) came to agreement on strategic cooperation with Huatai Insurance Group yesterday. Huatai Asset Management Co., Ltd., the investment arm of Huatai Insurance Group, will provide 15 billion yuan of insurance funds to COMAC by a debt investment plan so as to support the research and development, production and operation of China’s large aircraft. Acumen Aviation © 14 August All Rights Reserved.