18 May 2020

China Aviation Industry Newsletter 18 May

China's April air passenger numbers down 68.5% yoy, decline narrower than March China's passenger numbers fell 68.5% in April from a year ago, for a drop smaller than in March, the aviation regulator said pointing to a fragile industry recovery from the coronavirus pandemic as other nations reopen economies. The global tourism industry is closely watching trends in China for clues to travel patterns in other major markets as countries race to lift travel curbs. China Southern Airlines to issue up to $2.25bn in A-share convertible bonds China Southern Airlines has reportedly planned to issue up to CNY16bn ($2.25bn) in A-share convertible bonds. The bonds will facilitate the company’s fleet expansion, fund maintenance services and spare engines, and boost its cash flow. Convertible debt provides coupons and interest payments similar to regular bonds; however, these debts can be transformed into shares at a certain price. GAMECO, China Southern open base maintenance line at Beijing Daxing Chinese MRO GAMECO has opened a base maintenance line at Beijing Daxing international airport, aimed at supporting parent company China Southern Airlines’ growing operations at the capital’s newest airport reported Flightglobal 14 May. Restrictions on all-cargo flights at Beijing airports lifted China's civil aviation regulator has lifted restrictions on the operation of all-cargo flights at Beijing Capital International Airport and Beijing Daxing International Airport. All airlines can now operate all-cargo flights at both airports announced the Civil Aviation Administration of China (CAAC) . Previously, only China Postal Airlines was allowed to operate at both airports, while other airlines could choose only one of the two. The CAAC cited the growing needs of cargo transportation and the handling capacity of the two airports as factors behind its decision to lift restrictions Acumen Aviation © 18 May 2020 All Rights Reserved.