Economy of Hong Kong

June 18, 2013 - 3:00pm
Robert Martin and Chaker Chahrour

Here at the Paris Air Show yesterday Robert Martin, managing director and CEO of Singapore-based BOC Aviation, a subsidiary of the Bank of China, shook hands with CFM International executive v-p Chaker Chahrour on a deal for CFM’s LEAP 1A engine to power 10 A320neos–the lessor’s first neo order. BOC also ordered CFM56-5B powerplants for 10 A320ceo aircraft, the total value of the commitments amounting to $460 million at list prices. Martin said at the signing ceremony at CFM’s stand (Hall 2a B252) that the lessor would add 50 aircraft to its fleet this year.

August 30, 2012 - 10:13am

China’s ICBC Leasing has signed a firm order with Airbus covering a total of 50 A320-family narrowbodies, including 30 current-generation A320s and 20 A320neos.

June 5, 2012 - 2:15am
Boy in child seat

Gama Engineering has introduced what it claims is “the first child’s seat certified for takeoff and landing on most business jet configurations.”

The firm, based at Fairoaks Airport in the UK, demonstrated the seat in a Challenger 300 at the EBACE show last month, noting that it is already in service with long-haul carriers Virgin Atlantic and Cathay Pacific.

August 17, 2011 - 10:50am

FlightSafety International (FSI) has named Sikorsky Helitech of Brisbane, Australia, an approved maintenance training center to provide training for Pratt & Whitney Canada engines in Australasia. FSI will provide training courseware, a graphical flight simulator and other training aids.

March 26, 2011 - 6:15am

Chinese companies are at the forefront of efforts to provide the capital needed to expand that country’s business aircraft fleet via finance and operating leases. Beijing-based Minsheng Financial Leasing has already acquired 32 jets and expects all of these to be in service with operators in China by year-end–at which point it intends to have extended its portfolio of aircraft ordered to around 50.

March 11, 2011 - 10:00am
Comac announced at Asian Aerospace that it has completed the preliminary desi...

The third edition of Asian Aerospace since its move from Singapore to Hong Kong got off to a flying start on Tuesday, when Hainan Airlines Group (HNA) subsidiary Hong Kong Airlines ordered 38 Boeing airliners. The deal involved thirty 787-9 Dreamliners, six 777 freighters and two VIP-configured 787-8s.

March 8, 2011 - 7:14am

Bombardier Aerospace late last week signed a memorandum of understanding (MOU) with ICBC Financial Leasing, a wholly owned subsidiary of Industrial and Commercial Bank of China, to provide up to $8 billion in financing for Learjet, Challenger and Global business jets, as well as for the Canadian manufacturer’s airliners.

June 29, 2009 - 5:04am
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Airbus hopes to help loosen the grip of tight-fisted credit outlets with an MoU it signed this month with the world’s largest bank, China’s ICBC, to collaborate on aircraft financing and management activities. The deal would involve the structuring of operating and finance lease transactions, portfolio management and aircraft placement remarketing.

February 27, 2009 - 12:33pm

“Last year was a great year for business aviation in Asia, especially the Greater China Region. I believe it was a record year of growth. We had more aircraft deliveries, more new operators started and more investment into business aviation infrastructure,” said Jason Liao, sales director for China at Bombardier Business Aircraft.

 
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