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 Aircraft & Manufacturers
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Aeronautics researchers at NASAs Dryden Flight Research Center recently completed flight tests of a ... |
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Hondas first ever commercial aircraft, appropriately named the HondaJet, follows in the footsteps .. ... |
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Airlines business
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In the third quarter of 2011, 79% of scheduled flights were on-time, seven percentage points higher ... |
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Two of Asias largest financial group are vying to buy the aircraft leasing business being ... |
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Airlines business
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| Thurday, 07/02/2012, 21:04:41 PM | | | | BOC Aviation to Lease Two New A320-200 Aircraft to Spring Airlines | | |  Comment |  Send To E-mail |  Print | | | | BOC Aviation has signed agreements for the lease of two new CFM56 powered Airbus A320-200s to Spring Airlines, the leading low-cost carrier in China. The first aircraft was delivered from Airbus facility in Hamburg yesterday and the next aircraft is scheduled to be delivered next month.
A320-200.jpg) |
Spring Airlines General Manager, Wang Zhenghua, said Spring Airlines has been growing profitably since we began operations in 2005. We are confident that BOC Aviation will be a long-term partner as we continue to deliver on our promise of being a quality low-cost carrier."
Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation, said the lessor had to accelerate two delivery positions to win this deal as it had already placed all aircraft delivering in 2010. He added that 13% of BOC Aviation’s current lease revenue comes from the China region and this figure would rise to 24% if all future deliveries were included.
Asia-Pacific carriers, especially those in China, have experienced a rapid recovery in their businesses on the back of improved economic fundamentals. Spring Airlines is the leading private carrier in China and BOC Aviation is very pleased to support its fleet expansion plans and further strengthen our position in the region, he said.
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 156 modern aircraft operated by airlines worldwide. In addition, the Company has 42 aircraft on firm order and four on committed purchase and leasebacks for delivery through to 2013. BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years. BOC Aviation has now delivered a total of four aircraft to Chinese carriers this year. The other deliveries were one B777-300ER to Cathay Pacific and one B737-800 to each of Hong Kong Airlines and Hong Kong Express.
BOC Aviation is 100% owned by Bank of China, one of the ten largest banks in the world*.
Source: www.avbuyer.com | | | |
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emirates-a380.jpg) | | ILA: Emirates orders 32 more Airbus A380s | | | Middle Eastern carrier Emirates has ordered another 32 Airbus A380s, the single biggest deal for the type. | | |
Skyteam.jpg) | | Vietnam Airlines formally joins SkyTeam | | | Vietnam Airlines became a member of SkyTeam Alliance today, paving the way for the Vietnamese national carrier to gain more international traffic. | | |
 | | AirAsia X to seek public listing as independent airline | | | AirAsia X will be spun off into a standalone, publicly traded company with an IPO targeted for the second half of 2011, subject to market conditions, AirAsia Group said yesterday. The long-haul arm wa ... | | |
 | | IATA revises forecast, predicts industry will earn $2.5 billion in 2010 | | | IATA yesterday forecast that the international airline industry will post a profit of $2.5 billion in 2010, a significant upgrade compared with its March prediction of a $2.8 billion loss. | | |
AirChina.jpg) | | Air China Increases Capacity Air France Holds Fast | | | Airline chiefs gathering for their annual meeting in Berlin today face the biggest decision since the recession: whether to boost capacity as demand for travel surgesrestrict supply and focus on rais ... | | |
 | | All Nippon Plans First 787 Overseas Flights in March | | | All Nippon Airways Co., the first customer of Boeing Co.’s 787 Dreamliner, plans to start flying the aircraft overseas in March, increasing international operations while rival Japan Airlines Corp. sl ... | | |
 | | Bombardier hopeful of CSeries customer in China this year | | | Bombardier is growing ever more confident that it could score its first Chinese customer for the CSeries aircraft in the coming months. | | |
 | | Hainan launches Shanghai-Brussels flights as China-Europe market strengthens | | | Hainan Airlines is seeing a marked improvement in the China-Europe market, with both demand and yield showing growth, GM-Europe Liang Pubin told this website Friday in Brussels as the carrier launched ... | | |
 | | Qantas to Add A380 Melbourne-to-London, L.A. Flights (Update2) | | | Qantas Airways Ltd. plans to boost Airbus SAS A380 flights from Melbourne to London and Los Angeles as it expands its fleet of the world’s largest passenger plane. | | |
 | | Garuda to Resume Europe Flights After EU Ban Ends | | | PT Garuda Indonesia, rated the world’s most-improved airline, will fly to Europe for the first time in six years today after the European Union eased a ban on the nation’s airlines following a series ... | | |
asa_crj700.jpg) | | Bombardier quiet on CRJ production plan in advance of earnings release | | | Bombardier is remaining silent on whether it will further slash its CRJ regional jet production rate, but managements decision could be announced at the firms forthcoming fiscal 1Q earnings conference ... | | |
 | | Lufthansa Favors New Engines for Airbus, Boeing Jets | | | Deutsche Lufthansa AG, operator of the biggest aircraft fleet in Europe, said it’s in favor of Airbus SAS and Boeing Co. putting new engines on their existing narrow- body models to help reduce operat ... | | |
 | | Lufthansa Fills First A380s, Boosting Profit on Asia Routes | | | Deutsche Lufthansa AG said the extra seats on the Airbus SAS A380 superjumbo aircraft that join its fleet from today have been sold for coming months, boosting profitability on high-density routes to ... | | |
 | | TAM Airlines joins Star Alliance | | | Brazilian carrier TAM Airlines joined the Star Alliance network on May 13th. TAM Airlines offers more than 40 destinations in Brazil and 10 airports across South America. | | |
 | | Emirates Net Rises Fivefold on Cost Cuts, Fuel Prices | | | Emirates, the biggest Arab airline, said it expects to fly 15 percent more passengers this year after reporting a more than fivefold jump in annual profit on cost cuts, lower fuel prices and productiv ... | | |
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VALC News
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On November 5th, 2011, Vietnam Aircraft Leasing Company (VALC) took delivery of the EC155 B1 ... |
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On December 6th 2010, The signing ceremony of general terms of engines purchase and support for IAE ... |
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Vietnam Aircraft Leasing Company (VALC) would like to announce that our Head Office will be ... |
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HANOI - As a practical contribution to celebrate the 1000th anniversary of Thang Long-Ha Noi, ... |
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VALC (Vietnam Aircraft Leasing Company) has mandated Calyon as sole arranger of the export credit .. ... |
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