China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China's trade surplus rises in June
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MRO Conversions & Manufacturers
ATSG acquires three B767 for conversion
Air Transport Services Group, Inc. has announced that its Cargo Aircraft Management Inc. (CAM) subsidiary has committed to purchase three Boeing 767-300-series extended-range aircraft from Qantas Airways Ltd with delivery in the third quarterthis year. When converted into freighters, they will have a range of approximately 3,255 nautical miles, and a maximum payload of 54 tonnes. The three aircraft are expected to be operational in the first half of 2011 on a leased or ACMI basis. … [Read more...] about ATSG acquires three B767 for conversion
Transmile selects AEI for B737-200SF conversion
Aeronautical Engineers, Inc. (AEI), has announced that it has been selected by Transmile Air Services of Malaysia to provide one B737-200SF 8 Pallet Configuration, Passenger to Freighter Conversion. The aircraft, a B737-200, was built in 1987 and will be their second AEI converted freighter. Transmiles’ first AEI Freighter Conversion, a B737-209SF was completed by Commercial Jet in March 2005. The aircraft is currently undergoing freighter modification and heavy maintenance at … [Read more...] about Transmile selects AEI for B737-200SF conversion
Boeing Shanghai signs deal with GECAS
Boeing Shanghai Aviation Services Co., Ltd (Boeing Shanghai) has reached general terms agreement for lease-return maintenance work with GE Capital Aviation Services (GECAS), one of the world’s leading commercial aircraft leasing and financing companies. “Establishing a network of highquality maintenance providers is key to our strategy of supporting our valued customersâ€Â, said GECAS executive vice president, technical, and general manager Sean Flannery. “We … [Read more...] about Boeing Shanghai signs deal with GECAS
Asia-Pac sees continued cargo growth
More confirmation of the sustained recovery in the global air cargo market came today courtesy of the the Association of Asia Pacific Airlines (AAPA) with statistics showing that both air cargo and passenger markets continued to show further improvement in April despite a week of disruptions to traffic in and out of Europe as a result of the Icelandic volcanic eruption. Air cargo demand remained strong, maintaining the positive trend of recent months, with 32.1 per cent growth in freight tonne … [Read more...] about Asia-Pac sees continued cargo growth
China’s 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
