09 Nov 2020

China Aviation Industry Newsletter 9 November

Air China introduces 2nd ARJ21 aircraft Air China announced the delivery of its 2nd ARJ21 aircraft in Shanghai on October 27th, 2020, which indicates the delivery of the 36th ARJ21 aircraft to customers by Commercial Aircraft Corporation of China, Ltd. (COMAC). The aircraft was introduced by means of financial leasing from CNAC Beijing Financial Leasing Company Limited. BOC Aviation Delivers First Of Four Airbus A321neo Aircraft To IndiGo BOC Aviation announced that it has delivered the first of four new Airbus A321NEO aircraft for lease to IndiGo. The aircraft will be powered by CFM Leap engines. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are very pleased to deliver the first of four new Airbus A321NEO aircraft on lease to IndiGo, India’s largest passenger airline, and we’re pleased to have an opportunity to build on our relationship with IndiGo.” CDB Aviation Delivers Myanmar Airways International’s First E190 CDB Aviation announced the delivery of the first of three Embraer E190 aircraft to Myanmar Airways International (“MAI”) on 26^th October. Chinese express carrier YTO Cargo Airlines launches new services between Singapore and Hangzhou Chinese express carrier YTO Cargo Airlines has launched thrice weekly services between Singapore and Hangzhou will improve Cainiao’s stability and efficiency in achieving its goal of global delivery within 72 hours in Southeast Asia, amid a surge in cross-border e-commerce orders. It will also cater for the expected increase in air cargo demand during year-end online shopping festivals such as Singles Day on 11 November. Chengdu Airlines receives 23rd ARJ21 aircraft Chengdu Airlines announced the delivery of its 23rd ARJ21 aircraft in Shanghai on October 29th, 2020, which indicates the delivery of the 37th ARJ21 aircraft to customers by Commercial Aircraft Corporation of China, Ltd. (COMAC). The aircraft was introduced by means of financial leasing from AVIC International Leasing Co., Ltd. (AVIC Leasing). China Eastern Airlines and CFM Sign Rate-Per-Flight-Hour Agreement China Eastern Airlines and CFM International (CFM) have signed a 12-year Rate-Per-Flight-Hour agreement for the LEAP-1A engines that power the airline's fleet of 36 A320neo aircraft and has ordered six spares engines to support its operation. Under the terms of the agreement, CFM guarantees maintenance costs on a dollar per engine flight hour basis. This agreement adds to a previous LEAP-1A engines order placed by China Eastern in 2017 to power 70 A320neo aircraft. GA Telesis Awarded Exclusive Marketing Mandate to Represent China Airlines Sale of Four 747-400 Aircraft GA Telesis announced it has been awarded an exclusive mandate from China Airlines Ltd., to remarket and sell four Boeing (4) 747-400 aircraft.  The remarketing mandate will be executed by GA Telesis’ Aircraft Transaction Group (“ATG”). Acumen Aviation © 9 November 2020 All Rights Reserved.