Shenzhen, China-based Jade Cargo International and Air Logistics Group have recently entered into agreement for representation in Europe. Air Logistics Group will represent Jade Cargo International as general sales and service agent (GSSA) in the European markets of Belgium, Luxembourg, France, Germany, the Netherlands, Italy, Israel, Scandinavia, Portugal, Spain, Turkey, Switzerland, the United Kingdom and Ireland. Meanwhile, Jade and Austrian Cargo are forging details of their recent … [Read more...] about CHINA: Jade Cargo busy building Euro connections
CHINA: Airbus delivers first A320 assembled in China
Airbus has delivered the first A320 aircraft assembled at its Final Assembly Line China (FALC) in Tianjin. The FALC is a joint venture between Airbus and a Chinese consortium comprising Tianjin Free Trade Zone (TJFTZ) and China Aviation Industry Corporation (AVIC). The aircraft was handed over by Airbus president and CEO, Tom Enders, to the chairman of Dragon Aviation Leasing, Li Hai. The aircraft will be leased to and operated by Sichuan Airlines. … [Read more...] about CHINA: Airbus delivers first A320 assembled in China
CHINA: Airbus in US$3 billion deal with China bank
Airbus has signed an agreement with the Industrial & Commercial Bank of China (ICBC) to provide financing to supply 70 A320 jets to mainland purchasers, according to a report in the Financial Times. The total value of ICBC support would exceed US$3 billion. … [Read more...] about CHINA: Airbus in US$3 billion deal with China bank
CHINA: China Eastern take over of Shanghai Air nearing
China Eastern Airlines (CEA) has proposed to takeover Shanghai Airlines through a share swap, according to a Dow Jones report citing an un-named source. If successful, the move would finalise what has been a long drawn-out negotiation over how best to merge the two struggling airlines and is part of Beijing’s plan to consolidate the aviation industry, in particular the airlines, which are plagued by operational inefficiencies and debilitating price wars due to the plethora of small … [Read more...] about CHINA: China Eastern take over of Shanghai Air nearing
CHINA: BOC Aviation goes bargain hunting
BOC Aviation, the aircraft leasing arm of the Bank of China has said it has taken advantage of the economic downturn to expand its fleet, the South China Morning Post reported. BOC Aviation chief executive Robert Martin said the company has bought 40 planes since December, and had plans to invest US$10 billion in aircraft by 2012 to increase its fleet size to 196 from the current 96. Martin said the company would pursue further purchases in the third quarter, when an expected fall in industry … [Read more...] about CHINA: BOC Aviation goes bargain hunting
CHINA: Shenzhen Air may seek stock exchange listing
Shenzhen Airlines may seek a full or partial listing in Hong Kong or Shanghai to provide more capital for expansion, the South China Morning Post reported. “We have plans to list the company wholly or partially and will get it done quickly if it is needed,†chief executive Li Kun said. Li said he expected the airline to be profitable this year. Shenzhen Airlines posted a profit of more than US$29 million for the first four months of the year, following a US$4.09 million profit in … [Read more...] about CHINA: Shenzhen Air may seek stock exchange listing
