02 Oct 2017

China Aviation Industry Newsletter 2 October

Airbus Helicopters works closer with Chinese leasing company CMIG Leasing (previously known as CMIFL) and Airbus Helicopters further strengthened their partnership through an agreement signed during China Helicopter Exposition 2017 by TANG Min, President of CMIG Leasing, and Marie-Agnes Veve, General Manager of Airbus Helicopters China. Upon the agreement, the two parties will further deepen their cooperation in civil helicopter operations including navigational operation and low-altitude air tourism. In addition, both parties are committed to expanding this cooperation to the public services segment, including police aviation, emergency medical services (EMS), and forest firefighting. To accomplish such objectives, CMIG Leasing also signed a letter of intent for up to two pre-owned H225 helicopters to be used in firefighting missions, further  demonstrating the performance and versatility of this variant of the Super Puma family. BOC Aviation Closes US$1 Billion Dual Tranche Senior Unsecured Bond Offering BOC Aviation Limited has closed a US$1 billion dual tranche 144A/Regulation S senior unsecured bond offering. CALC’s Winnie Liu Listed in “40 Under 40” by Airline Economics CALC announced that Ms. Winnie LIU, Executive Director, Deputy CEO and Chief Commercial Officer of CALC, made it onto the “40 under 40” list compiled by Airline Economics, one of the most widely-read and renowned publications in the global aviation industry. This is Airline Economics’ second annual “40 under 40” list, which celebrates the top 40 individuals aged under 40 in the commercial aviation industry. The annual ranking compiles nominations from the industry with the aim of highlighting the achievements, dedication and talents of industry elites. Airline Economics’ editorial team shortlists the finalists based on a number of criteria including contributions made to the industry and career trajectory. CDB Leasing finalizes deal for 105 Airbus, Boeing aircraft China Development Bank Leasing (CDB leasing) has finalized an order for 105 aircraft, comprising 45 Airbus and 60 Boeing aircraft. CDB Aviation Lease Finance, part of China’s CDB Leasing, signed the MOUs with the manufacturers separately at the Paris Air Show in June. The orders include 42 Boeing 737 MAX 8s, 10 737 MAX 10s, eight 787-9s, 30 Airbus A320neos and 15 of the larger A321neos. The deal is worth a total of $12.6 billion at list prices. Comac Inks Big C919 Deals at Beijing Aviation Expo China’s Comac scored four new orders for its C919 airliner at the Beijing Aviation Expo. China Nuclear E&C Group signed a firm order for 20 of the narrowbodies and options on another 20, while Aviation Industry Corporation of China (AVIC) International Leasing and Huabao Finance and Leasing each placed firm orders for 15 and options for 15. Agricultural Bank of China (ABC) Leasing signed a firm deal for 20 aircraft and placed an option for 10 C919s, making it the biggest customer for the airplane to date. ABC has now placed orders for 75 aircraft. The new deals raise the total order count for the C919 to 730 from 27 customers, mostly Chinese firms. It also marks the first contract signing for the model since it made its debut flight on May 5. Plato Capital in talks with AirAsia, Everbright Financial to establish AirAsia (China) AirAsia, Plato Capital, Everbright Financial Investment Holdings and Oxley Capital signed an agreement 25 September to establish a JV LCC in China, know as AirAsia (China). Plato noted that China is one of fastest growing air travel markets in the world, noting: "With rapid liberalisation and the gradual easing of travel restrictions, China's aviation market is experiencing remarkable growth". It added: "In the past five years, China passenger traffic has been growing at a remarkable rate of more than 10 per cent annually which is higher than the world forecast average growth rate of 4 per cent - 5.5 per cent annually". Standard Chartered establishes aviation leasing in Tianjin, China Standard Chartered announced 28 September that through Standard Chartered Bank (Hong Kong) Limited, it has established an aviation leasing company – Pembroke Aircraft Leasing (Tianjin) Limited (Pembroke) in the Dongjiang Free Trade Port zone (DFTP) in Tianjin. This makes Standard Chartered the first foreign bank to set up an aviation leasing business in the DFTP. Standard Chartered Global Head of Structured Finance Garry Burke confirmed the company already has 10 Boeing 737 aircraft delivered or scheduled for delivery through the Dongjiang platform for clients between July 2017 and March 2018. Acumen Aviation © 2 October All Rights Reserved.

  Acumen Aviation © 2 October All Rights Reserved.