17 Jun 2019

China Aviation Industry Newsletter 17 June

Air Lease Corporation Announces Lease Placement of Ten Airbus A321-200neo Aircraft with Sichuan Airlines Air Lease Corporation announced 16 June the long-term lease agreements for ten Airbus A321-200neo aircraft with Sichuan Airlines. Scheduled to deliver from ALC’s order book with Airbus starting in 2021 through 2022, the ten A321-200neos join one A350-900, one A321-200neo, one A320-200neo, four A321-200s, one A330-300 and one A330-200 aircraft currently on lease to the airline from ALC. CDB Aviation Reaffirms Commitment to China China remains at the heart of CDB Aviation's growth strategy - the company is looking to bring its newly established global platform back to China, reinforcing its presence in the market in which it first began, and meeting the growing demands of Chinese airlines and customers, especially with China making up a significant share of the global fleet and the rising number of aircraft deliveries directed to the market. "China has always been a pivotal market for us. We look forward to bringing our well-established global leasing services and platform to China to reinvigorate our presence in the market and help drive the growth of its quickly accelerating aviation sector," said CDB Aviation Chief Executive Officer Peter Chang. China Southern Airlines Launches Nairobi-Changsha Direct Flight China Southern Airlines (CSA) launched a direct flight between Kenya's capital Nairobi and Changsha, the capital of Hunan province. The flight is the first non-stop regular route from Hunan Province to Africa, which will not only become a new travel option for residents in both countries, but also contribute to the promotion of the Belt and Road Initiative with reduced travel time of 12 hours. The flight is also expected to improve trade relationship between China and Africa. Over the past ten years, China has always been the largest trade partner of Africa, with the trade volume growing to US$204 billion in 2018, a 20% increase on a year-over-year basis, CSA said in a statement. GECAS Brings First A320neo to Colorful Guizhou Airlines GECAS and Colorful Guizhou Airlines have agreed to a lease agreement for four A320neo aircraft from the lessor’s orderbook, with deliveries beginning in late 2019 and continuing into 2020. Hong Kong Airlines to transfer purchase right for two A350s to Hainan Airlines Hainan Airlines announced 11 June its wholly owned subsidiary Hainan Airlines (2016) Co Ltd, Hong Kong Airlines and Airbus signed a purchase right transfer agreement, under which Hong Kong Airlines will transfer the purchase rights of two A350-900 aircraft (MSN 360365, MSN 360371) to Hainan Airlines (2016) for free. The 2019 China and South Asia Aviation Trends Forum Promotes Common Development Through Interconnection and Cooperation On June 13 the Third China and South Asia Aviation Trends Forum was successfully held in Kunming, China. The forum, co-hosted by the Yunnan Provincial Department of Transportation, the Yunnan Branch of the China Council for the Promotion of International Trade, the Yunnan Provincial Foreign Affairs Office, and the Yunnan Provincial Department of Commerce, was co-sponsored by the Yunnan Airport Group, CARNOC.COM, and the China-South Asia Business Forum Secretariat. Focusing on the theme of "interconnected development, open cooperation and sharing", the delegates discussed issues of the development and prospects of the aviation industry, the construction and improvement of airline networks, international exchange and cooperation in civil aviation, and technological progress and sharing in China and South Asia, exploring the future prospects for the industry in this region. Acumen Aviation © 17 June 2019 All Rights Reserved.