14 Dec 2020

China Aviation Industry Newsletter 14 December

Capital injection into Air Macau approved The Macau SAR and Air China have approved a capital injection into Air Macau as a way to help the local airline face the economic impact the Covid-19 pandemic caused in the sector, reported local newspaper Tribuna de Macau. The Macau AAR holds 21.5% of the airline, with Air China’s holding almost 67%. China to demand 730 new aircraft with up to 150 seats in 10 years: Embraer forecast China's market is expected to take delivery of 730 new aircraft with up to 150 seats over the next 10 years, according to Embraer's latest market forecast released last week. Ninety-three percent of the deliveries will contribute to China's regional aviation market growth and the others will replace ageing aircraft, the Brazilian plane-maker said in its latest outlook for the Chinese commercial aviation market. Guo Qing, managing director and vice president of Commercial Aviation, Embraer China said "Leading the global air traffic recovery, China has seen its domestic air passenger traffic resume to last year's level thanks to the country's effective COVID-19 control and massive market." CR929 jetliner to hit global market in 2023 Nearly 1,000 CR929 long-range wide-body jetliners, the largest joint endeavor between China and Russia in the aviation industry, are expected to be sold globally from 2023 to 2045, said a key project leader at Commercial Aircraft Corp of China. With an initial targeted market in China and Russia, the first, standard version of the aircraft-the CR929-600-will be able to fly 12,000 kilometers and carry 280 passengers, according to COMAC. GKN Aerospace, SAMC And AVIC Supply Sign JV Agreement For Advanced Aerostructures COMAC subsidiary SAMC (Shanghai Aircraft Manufacturing Company), AVIC Supply and GKN Aerospace have signed a joint venture (JV) agreement for the manufacture of Composite and Metallic Aerostructures in Jingjiang, Jiangsu Province, China. This represents a significant milestone in GKN Aerospace’s long-stated ambition to grow within the commercial aerospace market within China. The state-of-the-art, 80,000m2 facility in Jingjiang will be GKN Aerospace’s first aerostructures JV in China. It will offer COMAC, AVIC and Western customers the opportunity to access an important local supply of advanced aerostructures in the country. The JV builds on COMAC, AVIC and GKN Aerospace’s proven track record in the global commercial aviation industry. Production is scheduled to begin in Q4 2021 and, by the mid-2020s, the workforce is expected to grow to 1,000 people. Acumen Aviation © 14 December 2020 All Rights Reserved.