22 Nov 2021

China Aviation Industry Newsletter 22 November

China's Amber Aviation To Build Fleet with NetJets' Help Amber Aviation has closed on a Series B funding round that will enable the Shenzen. Under the new investment by fractional-share provider NetJets, Fung Investment, and Macau-based Liu’s Group, as well as existing investor Hony Capital, Amber will receive up to 20 business jets from NetJets’ existing fleet. Deliveries will begin in April 2022 and continue over the next two years. The aircraft transferred by NetJets will be operated under Amber’s air operator certificate. China’s green aviation prospect creates global opportunities The green transformation of China’s civil aviation industry is generating new business opportunities and vast space for innovation to industry players both at home and globally. The civil aviation authorities are committed to pushing forward the green transformation to ensure the industry’s sustainable and healthy development, according to the Civil Aviation Administration of China (CAAC). China Airlines introduces new wireless IFEC system for 737 cabins China Airlines announced the introduction of the all new Fantasy Sky Wireless Entertainment System for its Boeing 737-800 fleet. The system is currently in trial-run mode and will officially launch in 2022. New Gwadar int’l airport to be operational by 2023 The New Gwadar International Airport (NGIA), the $ 246 m greenfield airport being built at an area of 4,300 acres would be operational by September 2023. According to an official source. The NGIA was being managed and operated by Civil Aviation Authority (CAA). To be owned by a joint venture between Pakistan, Oman, and China, the airport would handle domestic and international operations. The airport development is a part of China-Pakistan Economic Corridor (CPEC) development. PLAY Signs CALC Agreement for Two New Airbus A320neo aircraft PLAY has signed an agreement with China Aircraft Leasing Group Holdings Limited (CALC), a major international aircraft lessor for two new A320neo aircraft. The aircraft will be delivered to PLAY next week and will be fitted and painted as per PLAY’s specifications. The aircraft will arrive in Iceland in March 2022 in time for the change to a hub-and-spoke business model. The aircraft are new and will be delivered directly from Airbus. These are the aircraft PLAY previously announced it had signed a Letter of Intent (LOI) for. Acumen Aviation © 22 November 2021 All Rights Reserved.