Leasing company Hong Kong Aviation Capital (HKAC), which started earlier this year when it bought the assets of Allco Aviation, has completed a purchase and lease-back on three Airbus A320s.
This is its first deal since buying Allco's assets in January and involves the purchase of three new Airbus A320s from IndiGo Airlines, which will be leasing the aircraft back, says HKAC.
The six-year leases start in 2011 when the aircraft are delivered to IndiGo from the Airbus factory, it says. Read the rest of this entry »
Sukhoi is to sign a firm agreement covering 30 Superjet 100 aircraft with a southeast Asian carrier at the upcoming Farnborough Air Show.
The identity of the carrier has not been disclosed.
Indonesian operator Kartika Airlines concluded a tentative deal for 15 firm and 15 optioned aircraft in late 2008.
Sukhoi confirms that a "firm contract" with an airline from the region "is planned" during the show. Read the rest of this entry »
Commercial Aircraft Corporation of China has selected GE Aviation Systems and AVIC Systems to provide avionics core processing and on-board maintenance systems for the Comac C919 aircraft.
The Chinese organisation has signed a letter of intent for the modular avionics system which will be provided through the proposed joint venture between the two suppliers.
This venture will provide an open-architecture avionics package for the C919 which will include core processing, a large-area display system, maintenance and flight-recording systems. Read the rest of this entry »
Commercial Aircraft Corporation of China (Comac) looks set to rope in Rockwell Collins as a major supplier on its Comac C919 aircraft programme.
The Shanghai-based aircraft manufacturer has signed two separate letters of intent with Rockwell Collins, confirms Rockwell Collins China managing director Ron Ho, who was responding to local news reports.
He says Rockwell Collins and local partner, China Electronic Technology Corporation (CETC), have signed a letter-of-intent with Comac to provide the communication and navigation equipment for the C919. Read the rest of this entry »
Commercial Aircraft Corporation of China (Comac) has chosen Honeywell to provide the brake control system, wheels and tyres for the Comac C919 commercial aircraft in development.
"Honeywell's integration of the complete pedal-to-ground solution will ensure a smooth entry into service for Comac's C919 airliner," says Honeywell Aerospace Asia Pacific president Mark Howes.
As part of the deal, Honeywell says it plans to establish a local joint-venture and that it has been collaborating with China's Hunan Boyun New Materials Company as well as Changsha Xinhang Wheel & Brake Company. Read the rest of this entry »
Commercial Aircraft Corporation of China (Comac) has chosen Honeywell to provide the fly-by-wire system for the Comac C919 commercial aircraft in development.
The Honeywell system is already being used on Comac's ARJ21 regional jet, the Boeing 787 and the Embraer 170/190 family, says Honywell.
"Honeywell's 60 years of flight control technology development and its selection on COMAC's ARJ21 regional jet provide the experience necessary for the C919," says Honeywell Aerospace Asia Pacific president Mark Howes. Read the rest of this entry »
Eugene Lim, the owner of Singapore-based engineering support and training firm Mil-Com Aerospace, is selling an 80% stake to Singapore publicly-listed company Jackspeed.
Lim is selling an 80% stake to Jackspeed for S$6.3 million ($4.6 million), Jackspeed tells the Singapore stock exchange.
Lim will retain 20% equity and manage Mil-Com and Jackspeed's aerospace business, it says. Read the rest of this entry »
China has established its first aviation industry fund, providing a major boost for local aircraft manufacturers trying to market aircraft to Chinese carriers.
China Construction Bank says it has established the fund with China's state-owned aerospace conglomerate Aviation Industry Corporation of China (AVIC).
The $1 billion yuan ($147 million) China Aviation Industry Fund plans to raise a further 5 billion yuan in the first phase, and 1.5 billion to 2.5 billion yuan in the second phase, it says, adding that its long-term objective is to raise 20 billion yuan. Read the rest of this entry »
Air China is negotiating to buy more widebodies so it can renew its fleet.
The Star Alliance carrier says talks are underway with Airbus and Boeing with a view to ordering widebodies. The aircraft types in contention are the Airbus A350 and Boeing 787, says Air China.
It also says it wants to off-load some of its older aircraft as part of the deal. Read the rest of this entry »
Thai Airways International has appointed German seat manufacturer Recaro to provide the economy-class seats for its Airbus A380s, replacing scandal-hit Japanese seat manufacturer Koito Industries.
The Star Alliance carrier says it has six A380s on order and it has decided to get Recaro to produce the economy-class seats rather than Koito.
Koito disclosed earlier this year it had fabricated test results on as many as 150,000 seats on 1,000 aircraft in the world fleet. Read the rest of this entry »
Bombardier Aerospace is planning to invest $30 million to support the growing fleet of Bombardier business and commercial aircraft in the Asia-Pacific region, following the rapid growth witnessed by the continent's aviation market in recent years. Read the rest of this entry »
Boeing this week released its 46th annual "Current Market Outlook" report, forecasting a $3.6 trillion market for new commercial airplanes over the next 20 years - and 30,900 new commercial passenger and freighter airplanes by 2029 - "as world economies rebound and strong demand for new and replacement aircraft spurs growth," it said. Read the rest of this entry »
Commercial Aircraft Corp. of China Ltd. announced that GE Aviation Systems and AVIC Systems, the partners to a proposed AVIC GE joint venture, have been selected to provide the avionics core processing system, display system and on-board maintenance system for the newly launched C919 single-aisle aircraft. The AVIC GE joint venture will support COMAC for avionics integration for the C919. Read the rest of this entry »
Honeywell International won a contract valued at more than $1 billion to manufacture the flight-control system for China’s C919 airliner, the company’s third award for the program.
Commercial Aircraft Corporation of China Ltd., known as Comac, contracted with Honeywell to provide the fly-by-wire system, which relies on electronics instead of mechanical cables and pulleys to guide the plane, John Bolton, head of the company’s commercial airlines unit, said in an interview. Read the rest of this entry »
Boeing says the global airline industry is making a robust economic recovery and will need $3.6 trillion worth of new aircraft over the next 20 years.
Boeing released its annual Current Market Outlook on Thursday, a two-decade forecast of aircraft needs. It says that in all, airlines will need 30,900 new jets between now and 2029. More than two-thirds of the demand will be for smaller single-aisle jets such as Boeing's 737 and Airbus' A320.
Boeing Co. officials say the airlines have seen a rebounded in passenger and freight traffic this year and should return to profitability in 2011.
AVIC (Aviation Industry of China) International Holding Corp has bagged a big overseas contract in Venezuela, sources familiar with the matter said on Monday.
The import and export subsidiary of aerospace conglomerate Aviation Industry Corporation of China signed a contract last Friday with two Venezuelan partners to deliver 25 multi-purpose Y-12 light aircraft and two helicopters, said the sources. Read the rest of this entry »
COLOGNE (Reuters) - Lufthansa's cargo business is benefiting from rising demand for goods in China and growing appetite worldwide for Chinese goods, the airline's finance chief said.
"The cargo business is currently absolutely booming. For the first time in over 10 years we are seeing not just strong imports out of China, but also strong exports to China," Stephan Gemkow told Reuters Insider television on Monday.
Demand in China for goods made in the United States and in Europe is rising as workers' wages improve and markets open. Trade data published on Saturday showed that imports rose 34.1 percent in June. Read the rest of this entry »
China Eastern Airlines said on Thursday it expects its first-half net profit to increase more than 50 percent due to the rapid growth of the domestic market and cost reductions after its consolidation with Shanghai Airlines.
The Shanghai-based stated-owned carrier, one of the top three airlines on the Chinese mainland, will expect a net profit of over 1.76 billion yuan ($260 million) in the first half of 2010. The number for 2009 was 1.17 billion yuan ($172.6 million), according to an announcement in Friday's China Securities Journal. Read the rest of this entry »
Bombardier Aerospace today unveiled its plan to invest $30 million US to support the growing fleet of Bombardier business and commercial aircraft in the Asia-Pacific region. This action comes in response to the rapid growth in the continent's aviation market in recent years and will further bolster Bombardier's current presence in the region.
Bombardier's planned investment is the first phase of its aggressive plan to build a comprehensive service and support network for the Asia-Pacific region, which will be centered in China and supported by satellite support facilities throughout the region. This model will be one of three "hub and spoke" service and support zones established worldwide. Read the rest of this entry »
Ameco Beijing, a joint venture between Air China and Lufthansa, has won engine overhaul work from Air Finland and Kazakhstan's Air Astana.
The two long-term contracts are for overhaul work on the Rolls-Royce RB211 engines, which are used to power Air Finland and Air Astana's fleet of Boeing 757s, says the Beijing-based maintenance, repair and overhaul firm.
Two engines from Air Finland are already in Ameco Beijing's workshop, and the first of Air Astana's engines are due to come in February, it says.
Air Finland has two 757s and Air Astana has four 757s. according to Flight's ACAS database,
Source: Air Transport Intelligence new
Jet Airways has emerged as India's largest domestic carrier in 2009 after carrying 11.12 million passengers for a 25.4% market share.
Its figures include those of subsidiary JetLite, according to the Indian ministry of civil aviation's statistics.
Kingfisher Airlines was in second place with 10.48 million passengers for a 23.9% market share. It was followed by Air India with 7.68 million passengers (17.5%), IndiGo with 6.1 million (13.9%), SpiceJet with 5.4 million (12.4%), GoAir with 2.1 million (4.7%) and Paramount Airways with 830,000 (1.9%).
For December alone, Jet and JetLite had a 26.2% market share. Kingfisher (20.8%), Air India (18.3%), IndiGo (15.2%), SpiceJet (12.9%), GoAir (5.2%) and Paramount (1.4%) followed.
In terms of seat factors for December, IndiGo led with 90% and was followed by Paramount (88.7%), Spice Jet (88%), GoAir (86.1%), JetLite (81.6%), Kingfisher (80.2%), Air India (79.7%) and Jet Airways (78.2%).
Source: Air Transport Intelligence news
China Southern Airlines posted a double-digit increase in total passenger traffic for December despite a fall in international traffic.
Total RPKs for December rose 12% thanks to a 14% rise in domestic passenger traffic, says the Guangzhou-based carrier. International passenger traffic, however, fell 4%.
In real terms, total passenger numbers rose 14% to 5.5 million. Domestic passenger numbers increased 15% to 5 million but international passenger numbers dropped 2% to 353,000.
The carrier responded by slashing international capacity, as measured by ASKs, by 8% and increasing domestic capacity by 13%. Read the rest of this entry »
Air China posted a 14.9% increase in passenger traffic in December, with regional traffic registering the strongest growth.
Domestic RPKs rose 12.5%, international RPKs increased 17.2% and regional RPKs jumped 28.5%, says the airline.
Air China's regional figures refer to traffic from Hong Kong and Macau.
Read the rest of this entry »
Mitsubishi Aircraft has signed up US firm Heath Tecna as a supplier for the Mitsubishi Regional Jet.
Heath Tecna will supply: emergency escape slides, lavatories, waste and water systems, galley units as well as interior linings for the passenger cabin, cargo compartment and flight deck, says Mitsubishi Aircraft.
This deal helps address "environmental imperatives and meets the demands of airlines and passengers", says Mitsubishi Aircraft president Hideo Egawa.
Heath Tecna joins a long-list of suppliers to the Mitsubishi Regional Jet programme. These include: Pratt & Whitney for engines; Parker Aerospace hydraulics; Hamilton Sundstrand electrical power, air management and auxiliary power units; and Rockwell Collins avionics and flight control computers.
Source: Air Transport Intelligence news
Singapore-based low-cost carrier Tiger Airways has secured pre-delivery payment financing for five Airbus A320s from Standard Chartered Bank.
The aircraft were due to be delivered in 2016, but Tiger brought that forward to 2010 and 2011, says CEO Tony Davis.
"In view of the opportunities for us to grow our business in both Asia and Australia, we have accelerated delivery of these five new aircraft," he adds.
Last week, Tiger said that Standard Chartered would provide financing for the purchase of two A320s. One of those aircraft is due to be delivered this month and the other next month.
Tiger, which has 66 A320s on order, plans to have initial public offering this year.
Source: Air Transport Intelligence news
