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  • August 30, 2014
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  1. Business - Companies - AVIATION

    Bank of China leasing unit to expand fleet with 82 Boeings

    Posted Aug 26th 2014, 01:10am by SIJIA JIANG

    ... a year, company spokeswoman Claire Leow told the South China Morning Post. Demand will mainly be driven by customers in Asia-Pacific and North America. Industry analysts said the speed at which ... Sijia Jiang sijia.jiang@scmp.com BOC leasing unit to expand fleet with 82 Boeings Bank of China's aircraft leasing subsidiary, BOC Aviation, yesterday announced an order for a total ...

    http://www.scmp.com/business/companies/article/1580701/bank-china-leasing-unit-expand-fleet-82-boeings
  2. Business - Companies - AVIATION

    Air China blames yuan depreciation for 55.42pc fall in first-half profit

    Posted Aug 27th 2014, 11:17am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Air China reported a 55.42 per cent fall in first-half earning to 510 million yuan (HK$642.5 million) as mainland airlines suffer from the depreciating ... for its passenger business and 3.31 percentage points to 53.95 per cent for cargo. The mainland’s two other major airlines, China Southern and China Eastern, are due to post results on Thursday. ...

    http://www.scmp.com/business/companies/article/1581078/air-china-blames-yuan-depreciation-5542pc-fall-first-half-profit
  3. Business - China Business - AVIATION

    China Aircraft Leasing to buy four Airbus A320s for US$375.6m

    Posted Aug 26th 2014, 09:29am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China Aircraft Leasing has reached an agreement with Airbus to buy four Airbus A320 aircraft for an aggregate basic price of about US$375.6 million ... agreements to lease two Airbus A320 aircraft to Sichuan Airlines and another four to Chengdu Airlines. China Aircraft Leasing became Asia’s first plane lessor to go public last month. It had 32 ...

    http://www.scmp.com/business/china-business/article/1580735/china-aircraft-leasing-buy-four-airbus-a320s-us3756m
  4. Business - Companies - AVIATION

    Hainan Airlines profit down 25.35pc

    Posted Aug 28th 2014, 11:03am by SIJIA JIANG

    ... Air China, China Southern Airlines and China Eastern Airlines. "The results are much better compared with Air China," said Li Xiaolu, a Shanghai-based analyst with Capital Securities. Air China reported on Tuesday net profit fell 55.42 per cent to 510 million yuan even though revenue rose to 49.9 billion yuan. Li said Hainan Airlines had been more profitable than ...

    http://www.scmp.com/business/companies/article/1581390/hainan-airlines-profit-down-6978pc
  5. News - Asia - AVIATION

    After twin disasters, Malaysia Airlines slashes 6,000 jobs in revamp

    Posted Aug 29th 2014, 03:25pm by AP

    ... suggest it will reduce flights to Europe and China. The loss of flight MH370, which vanished over the Indian Ocean in March, and of flight MH17, shot down by a rebel missile over restive eastern ...

    http://www.scmp.com/news/asia/article/1581690/malaysia-airlines-cut-6000-staff-overhaul
  6. Business - Companies - AVIATION

    Revenue boost for two mainland aviation firms on helicopter sales

    Posted Aug 26th 2014, 02:57pm by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Helicopter sales fuel Avic firms' revenues Two aviation manufacturing units of state-owned Aviation Industry Corp of China (Avic) yesterday reported ... aviation in the mainland. Revenue at Hong Kong-listed AviChina Industry and Technology rose 11.75 per cent to 10.4 billion yuan (HK$13 billion), which the firm attributed to growth ...

    http://www.scmp.com/business/companies/article/1580795/avichina-profit-disappoints
  7. News - World - AVIATION

    Gadget that stops the passenger in front from reclining their seat sees soaring sales

    Posted Aug 27th 2014, 09:25pm by Bloomberg

    ... he sourced the Knee Defender from a manufacturer in China. His only advertising expense was US$1.25 to test some Google ads. The product's controversial nature generates its own ...

    http://www.scmp.com/news/world/article/1581261/midair-clash-over-gadget-stops-aircraft-seats-reclining-spurs-sales
  8. News - China - AVIATION

    Chinese air traffic controllers fall asleep and force jet to delay landing

    Posted Aug 19th 2014, 05:52pm by AFP

    ... about airline safety. The Boeing 737 was preparing to land at Wuhan airport in central China but had no response from the air traffic control tower for 12 minutes, reports said. Contact was eventually made and China Eastern Airlines flight MU2528 from Sanya landed safely, the Sina.com news portal said. “Because air traffic control was asleep on duty, [the airplane] called many times,” ...

    http://www.scmp.com/news/china/article/1576949/airplane-landing-nightmare-air-traffic-controller-falls-asleep-job
  9. Business - Companies - AVIATION

    ICBC's aircraft-leasing arm aims to double number of planes

    Posted Aug 15th 2014, 05:23pm by Reuters

    ... is huge," said Mark Jiang, the managing director of aviation finance at ICBC Financial. ICBC Financial is backed by Industrial and Commercial Bank of China, while Bank of China and other state ... mainland lessors led by ICBC Financial and CDB Leasing, backed by China Development Bank, have managed to win a big chunk of business in recent years. Jiang said mainland lessors now handled 80 per ...

    http://www.scmp.com/business/companies/article/1574223/icbcs-aircraft-leasing-arm-aims-double-plane-deliveries
  10. Business - China Business - AVIATION

    China aircraft leasing market thrives but glut lurks

    Posted Aug 05th 2014, 07:59pm by SIJIA JIANG

    ... was an indication of Chinese investors' speculation in booking orders to bet on the rosy prospects of the aircraft leasing market. The China Banking Regulatory Commission urged domestic lessors last week to expand abroad. This was followed by the report that China Aircraft Leasing Group Holdings had signed its first foreign lessee, Air India. The mainland's five largest lenders ...

    http://www.scmp.com/business/china-business/article/1567066/china-aircraft-leasing-market-thrives-glut-lurks

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