03 Feb 2020

China Aviation Industry Newsletter 3 February

BOC Aviation Reports 2019 Operational Performance BOC Aviation announced its operational transactions for the fourth quarter and year ended 31 December 2019 and as at 31 December 2019.Robert Martin, Managing Director and Chief Executive Officer, said, “We are pleased to close 2019 with another year of strong performance in a difficult supply environment. During the year, we took delivery of 54 new aircraft including our first Airbus A330NEO aircraft, and added another 37 delivery positions to our orderbook, reflecting disciplined investment in popular and in-demand new technology aircraft, building a strong foundation for future growth. As part of our active portfolio management strategy, we successfully concluded a portfolio sale of all 17 aircraft with leases attached in 2019, bringing the total fleet size to 523 aircraft as at year end. Our fleet remains one of the best-in-class with a young average age of 3.1 years and long average remaining lease term of 8.4 years. We have had a good start to 2020 with the announcement of an order for 20 new Airbus A320NEO family aircraft on 7 January as we focus on building our balance sheet.” BOC Aviation Delivers fifth Airbus A320NEO to Air China BOC Aviation has announced the delivery of the fifth of ten Airbus A320NEO aircraft to Air China. This aircraft is from the Company's existing order book. CALC Orders 40 New Airbus A321neo Aircraft CALC announced that it has ordered 40 new Airbus A321neo aircraft following this new order, CALC’s accumulative order book with Airbus now stands at 252 aircraft, making CALC the 7^th largest lessor customer for Airbus. Mr. Mike POON, Chief Executive Officer of CALC said “We are delighted to further bolster our fleet with this addition of 40 new Airbus A321neo aircraft. We see enormous market appetite for this single-aisle aircraft with lower operational cost, and the order is in line with our portfolio strategy of investing in the most in-demand modern technology aircraft with unbeatable fuel efficiency. Moreover, continuous and consistent order is the driving force behind CALC’s sustainable business growth. Not only does a strong order book strengthen the Group’s ability to provide our airline clients with one-stop fleet upgrade services, it is also an important asset to reinforce our leadership in the global aviation market. This latest order takes CALC's cumulative orders to over 250 Airbus aircraft. We are proud to reinforce our strong strategic relationship with Airbus and look forward to carrying this mutual trust long in the future.” CDB Aviation Completes Delivery of Four E190s to Amaszonas CDB Aviation announced the delivery of the fourth, final Embraer E190-100LR aircraft to Bolivian customer Amaszonas. The aircraft was received by the carrier in Guangzhou, China, completing the transaction signed with the lessor in October 2019.  Acumen Aviation © 3 February 2020 All Rights Reserved.