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  • September 23, 2014
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  1. Business - China Business - AVIATION

    Tianjin leads China in plane leasing

    Posted Sep 22nd 2014, 04:28am by SIJIA JIANG

    ... policies. The mainland's aircraft leasing market was dominated by foreign lessors until 2007, when state-owned banks were allowed to own leasing subsidiaries and rapidly increased their market ... billion in the next 20 years. "At least 50 to 60 per cent of that will be financed through leases," Tao said. Increasingly, domestic lessors not backed by state-owned banks are also ...

    http://www.scmp.com/business/china-business/article/1597686/tianjin-leads-china-plane-leasing
  2. Business - Companies - AVIATION

    Bank of China leasing unit to expand fleet with 82 Boeings

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

    ... 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 of 82 Boeing planes with a listed value of US$8.8 billion, the largest single order in the lessor's 20-year history. The order, for 50 new fuel-efficient 737 MAX 8s, 30 Next-Generation ...

    http://www.scmp.com/business/companies/article/1580701/bank-china-leasing-unit-expand-fleet-82-boeings
  3. News - World - AVIATION

    At least half of Air France flights cancelled as pilots' strike bites

    Posted Sep 15th 2014, 10:28pm by AP

    ... announced an investment plan last week aimed at saving €1 billion (HK$9.9 billion) over several years, and said it would transfer much of its European operations- and jobs- to low-cost carrier ...

    http://www.scmp.com/news/world/article/1593395/least-half-air-france-flights-cancelled-pilots-strike-bites
  4. Business - Companies - AVIATION

    Cargo revival hinges on US economy, says Cathay

    Posted Sep 15th 2014, 04:40am by SIJIA JIANG

    ... business, has made hefty investments in freight. In June, it said it would inject 980 million yuan (HK$1.2 billion) into Air China Cargo, its 49 per cent owned joint venture with Air China, which ... investment with capacity for 2.6 million tonnes. Osinga said global cargo traffic has grown 3 per cent this year. Cathay’s Woodrow added; “Hopefully the peak season will begin a little bit earlier ...

    http://www.scmp.com/business/companies/article/1592729/cathay-pacific-cargo-revival-hinges-festive-us-buyers
  5. News - Asia - AVIATION

    Malaysia Airlines renames 'bucket list' contest after outcry from families

    Posted Sep 05th 2014, 01:22am by AP

    ... shareholder, state investment company Khazanah, last week announced it would cut 6,000 jobs at Malaysia Airlines and scale back routes as part of a US$1.9 billion overhaul. Danica Weeks, whose husband ...

    http://www.scmp.com/news/asia/article/1585416/malaysia-airlines-renames-bucket-list-contest-after-outcry-families
  6. News - Asia - AVIATION

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

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

    ... experts had said was necessary for a successful makeover. Khazanah Nasional, the state investment company that owns 69 per cent of the airline, said the overhaul included forming a new company to take over the existing business and its reduced staff. The revamp and new investment in the carrier will cost about 6 billion Malaysian ringgit (HK$14.7 billion). Analysts say the staff cuts ...

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

    Cheung Kong in talks to buy aircraft from leasing firm

    Posted Aug 04th 2014, 09:25am by SIJIA JIANG, Toh Han Shih

    ... Sijia Jiang and Toh Han Shih Given the industry oversupply, analysts wonder how much return the investment can generate Li's move into aircraft leasing stirs uncertainty Li Ka-shing, ... on buying used jets mainly from other leasing companies. It is the latest possible investment by Li outside Hong Kong. He had bought into the telecommunications sector in Ireland and an airport ...

    http://www.scmp.com/business/companies/article/1566001/cheung-kong-talks-buy-aircraft-leasing-firm
  8. 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
  9. Business - China Business - AVIATION

    China aircraft leasing market thrives but glut lurks

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

    ... banks on surge in plane orders The lure of a potential US$1 trillion worth of aircraft orders with a significant chunk bound for the mainland has seen a flurry of new activity in the aviation ... 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 ...

    http://www.scmp.com/business/china-business/article/1567066/china-aircraft-leasing-market-thrives-glut-lurks
  10. News - Hong Kong - AVIATION

    Better pay, conditions for airport security work luring ex-staff back, firm says

    Posted Aug 10th 2014, 05:44am by Lana Lam

    ... between 2008 and 2013. In a letter addressed to "all former Avseco colleagues", acting assistant executive director Sit Kwan-cheung said the company had "invested a large amount ...

    http://www.scmp.com/news/hong-kong/article/1570264/better-pay-conditions-airport-security-work-luring-ex-staff-back-firm

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