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Hainan Airlines To Lease More Narrowbodies To Meet Rapid Chinese Growth Hainan Airlines has agreed to lease three Airbus A320neos and three Boeing 737-8s from China Development Bank Financial Leasing (CDB Leasing), as the carrier ramps up capacity for its 2024-25 winter-spring schedule.   CDB Leasing says the Boeing single-aisle airliners will be delivered between August and November of 2024, while the three A320neos will be handed over between October and November next year.   According to the Aviation Week Network Fleet Discovery database, Hainan operates an all-Boeing narrowbody fleet. The carrier has in-service fleet of 136 737-family aircraft—nearly half of which are leased. The A320s will likely be allocated to Hainan’s subsidiaries, such as Beijing Capital Air and Lucky Air.   "CDB Aviation is confident that Asia will experience a robust rebound in air travel between now and the end of 2024," says Jie Chen, chief executive at the CDB Leasing subsidiary. "We are geared up to meet the demand for aircraft from Chinese and Asian carriers, with ongoing campaigns for both placements and sale-and-leasebacks in the region.”   In its winter-spring schedule, Hainan has applied to operate 32 routes and 280 weekly flights out of the northern Chinese city of Harbin. Hainan's network plans from Harbin include domestic routes to: Beijing; Guangzhou; Haikou; Hangzhou; Hohhot; Qionghai; Sanya; Shenzhen; Wuhan; Xiamen; Xi'an; and Zhengzhou.    New links in the carrier's schedule include: Harbin-Hohhot-Sanya; Harbin-Qinhuangdao-Hangzhou; Harbin-Qingdao-Shenzhen; Harbin-Shijiazhuang-Qionghai; Harbin-Tianjin-Nanning; and Harbin-Tongliao-Hangzhou. https://lnkd.in/gXRjbXzq

A coalition of Canadian airlines, airports, original equipment manufacturers and other industry leaders is pushing for “bold action” from the Trudeau government to create incentives for domestic sustainable aviation fuel (SAF) production this year. Read the full story here: https://lnkd.in/gx7mGB9C #skiesmag #skiesmagazine #topstory #aviation #aviationnews #avgeeks #aviationindustry #aviationstory

China set to be biggest domestic aviation market according to Boeing The country will also make up half of the aircraft demand in the Asia Pacific market. The country will also account for 20% of the global aeroplane demand by 2042 as its aviation providers are set to order more than 8,500 new jets by 2042 with the vast majority of orders coming in the single-aisle sector, according to the report. Darren Hulst, Boeing’s vice president of Commercial Marketing, said: “Domestic air traffic in China has already surpassed pre-pandemic levels and international traffic is recovering steadily. https://lnkd.in/daYC6UJS

Red Wings Airlines Soars into Cargo Services Post Sky Gates Acquisition! Maiden Flight: Modernized Il-96-400T takes off in the first commercial freighter flight, transporting consumer goods from Turkmenbashi to Zhukovskiy International Airport. Fleet Expansion: Red Wings to leverage Sky Gates' Il-76TD and plans to grow its cargo fleet with domestically produced cargo aircraft. Airworthiness Restoration: Ilyushin Finance Company (IFC) implements a program to restore Russian-made cargo and passenger aircraft, ensuring safety and efficiency. Global Connections: Red Wings eyes promising prospects for cargo operations on domestic routes and in export-import activities with friendly nations. Strategic Acquisition: The August acquisition of Sky Gates Airlines propels Red Wings into the commercial freight market, enhancing its capabilities. 🇷🇺 Russian Aviation Milestone: Il-96-400T, a flagship of Russian transport aviation, returns to service, meeting the surging demand for air cargo transportation. Cargo Growth: Red Wings sees a bright future in cargo transportation, contributing to the development of the freight market. Industry Collaboration: IFC's expertise in airworthiness restoration plays a vital role in ensuring the operational readiness of cargo and passenger aircraft. Market Dynamics: The move aligns with the evolving dynamics of the air cargo sector, indicating a strategic shift for Red Wings Airlines. Forward Momentum: Red Wings Airlines poised for success in the cargo industry, exploring new opportunities and contributing to the growth of the aviation sector. #RedWingsAirlines #CargoServices #AviationNews #SkyGatesAcquisition REDWINGS AVIATION SERVICES

China set to be biggest domestic aviation market according to Boeing The country will also make up half of the aircraft demand in the Asia Pacific market. The country will also account for 20% of the global aeroplane demand by 2042 as its aviation providers are set to order more than 8,500 new jets by 2042 with the vast majority of orders coming in the single-aisle sector, according to the report. Darren Hulst, Boeing’s vice president of Commercial Marketing, said: “Domestic air traffic in China has already surpassed pre-pandemic levels and international traffic is recovering steadily. https://lnkd.in/dYJJ8gR7

🛫 Significant Fleet Expansion Promised by Year-End 🛫 Great news for the aviation industry in Iran as the head of the Civil Aviation Organization, Mohammad Mohammadi Bakhsh, announces an ambitious expansion. By the close of this year, the national air fleet is expected to grow to 250 aircraft. This upgrade marks a reduction in the fleet's average age, promoting efficiency and sustainability. With 60 new aircraft arriving in the country over the past 20 months and 30 already in service, the skies are set to become busier with enhanced connectivity. Iran is strengthening its global reach with 108 international destinations, bolstered by daily operations of around 1200 flights. Direct flights are now available from 29 countries, with 27 international carriers operating within Iran, showcasing a robust partnership with nations across Europe, Central Asia, and China. The commitment to safety and growth in the aviation sector is evident from the recent signing of international memorandums with 32 countries, ensuring the secure execution of all flights. As we take to the skies more confidently and connectedly than ever, we look forward to the contributions these developments will bring to global travel and trade. Source: Faramatan Program Interview Read more at https://lnkd.in/eZDFSfBm #Aviation #Aircraft #FleetExpansion #CivilAviation #GlobalConnectivity #Travel #Trade #SustainableAviation #AirTravel #IranAviation #Aerospace

China will become the biggest domestic aviation market in the world in the next two decades according to data from Boeing’s latest Commercial Market Outlook (CMO) report. The country will also account for 20% of the global aeroplane demand by 2042 as its aviation providers are set to order more than 8,500 new jets by 2042 with the vast majority of orders coming in the single-aisle sector, according to the report. Darren Hulst, Boeing’s vice president of Commercial Marketing, said: “Domestic air traffic in China has already surpassed pre-pandemic levels and international traffic is recovering steadily. “As China’s economy and traffic continue to grow, Boeing’s complete line-up of commercial jets will play a key role in helping meet that growth sustainably and economically.” The biggest drive for new planes in China will come from the single-aisle sector with 6,470 orders for the plane type, largely in line with the wider global demand. Read the full article on Airport Technology: https://lnkd.in/g6vGcr67

China set to be biggest domestic aviation market according to Boeing The country will also make up half of the aircraft demand in the Asia Pacific market. The country will also account for 20% of the global aeroplane demand by 2042 as its aviation providers are set to order more than 8,500 new jets by 2042 with the vast majority of orders coming in the single-aisle sector, according to the report. Darren Hulst, Boeing’s vice president of Commercial Marketing, said: “Domestic air traffic in China has already surpassed pre-pandemic levels and international traffic is recovering steadily. https://lnkd.in/dYJJ8gR7

Cebu Pacific Air (CEB), the Philippines’ leading carrier, has signed a binding Memorandum of Understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for USD 24 billion (P1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history. #Airplane #aviation #Airbus #CebuPacific #bonds #stockmarket #stocks #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Financial #Invest #Investment #investingtips

Alton Aviation Consultancy published its latest whitepaper, titled ‘Asia Pacific’s Flight Path: Seizing Opportunities in an Evolving Landscape.’  The report offers detailed insights with regards to aviation industry performance, as well as growth opportunities and headwinds facing Asia-Pacific airlines. With the pandemic firmly in the rear-view mirror, the region is expected to surpass 2019 levels of passenger traffic as China and India prepare for ever-higher levels of new growth.  Report authors Adam Cowburn, Mabel Kwan, Joshua Ng and Alan Lim also examine what investments and new technologies will be essential to supporting continued growth. Read the full whitepaper below or visit: https://lnkd.in/eXMPnR_T #SGAirshow2024 #APAC #airlines #aviation