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Old September 7th, 2009, 01:30 PM   #21
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Aviation show to have 33pc fewer exhibitors
4 September 2009
SCMP

The region's biggest showcase of civil aviation is about to open in Hong Kong with about one-third fewer exhibitors and fewer visitors as the airline industry struggles to emerge from the global downturn.

A total of 356 firms will be exhibiting at the Asian Aerospace International Expo and Congress at the AsiaWorld-Expo venue from next Tuesday to Thursday. The last show in 2007 had 575 exhibitors. The number of visitors this year is expected to fall to 10,000, from almost 12,000.

The influential trade show, which organiser Reed Exhibitions moved to Hong Kong in 2007 after 26 years in Singapore, is staged every two years.

Airlines have been among the hardest hit companies as businesses and households cut travel budgets.

Richard Thiele, head of global sales for aerospace and aviation at Reed, said many exhibitors were not committing until the last minute because of the uncertain economic outlook.

US aircraft and jet manufacturer Cessna, for example, did not confirm its participation until last month. Its business in the US was hit hard by the recession and by US President Barack Obama's attacks on corporate greed and the private jet travel associated with it. Cessna's staff has been cut in half to 8,000 since 2007.

"Cessna saw that everyone else was going to be here and they obviously did not want to miss out," Thiele said.

About one-quarter of the exhibitors are from the United States.

Despite the challenging business environment, next week's Asian Aerospace will see the Commercial Aircraft Corporation of China unveil its first design, the C919 airliner, which is expected to start flying by 2016.

The show will display 16 other aircraft, including the Dassault Falcon 7X. The luxury business jet made headlines early this year after Obama chastised Citigroup for planning to spend US$50 million on one, despite receiving billions in government bailout funds. Citigroup dropped the plan.
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Old September 9th, 2009, 11:51 AM   #22
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Speech by FS at Asian Aerospace International Expo and Congress 2009
Government Press Release
Tuesday, September 8, 2009





Following is the speech by the Financial Secretary, Mr John C Tsang, at the Asian Aerospace International Expo and Congress 2009 at AsiaWorld-Expo this morning (September 8):

Mike (Rusbridge), Distinguished Guests, Ladies and Gentlemen,

Good Morning.

It is a great pleasure of mine to join you here at the Asian Aerospace International Expo and Congress. A warm welcome to you all - or perhaps it would be more appropriate to say "welcome back" following the success of the event in 2007.

The AsiaWorld-Expo is the ideal venue for this mega aerospace event. In addition to its sheer size, the AsiaWorld-Expo is integrated with one of the busiest airports in the world, it is connected by convenient, world-class infrastructure, and it is a short hop from the dynamic markets in the Mainland of China.

Once again, here in Hong Kong, we have all the right people in the right place at the right time to do some serious business. Indeed, the timing of this year's event is impeccable.

Since the last Expo in 2007 - and particularly in the past 12 months - economies around the world have experienced what can best be described as a "crash landing".

The aviation sector has been hard hit by fluctuating fuel prices, cancelled or delayed orders and, in many cases a sharp fall in customers, cargo and profits.

Although it is too early to predict the pace or shape of recovery from the global financial crisis, recent economic data indicates that economies, including Hong Kong, are emerging from severe recession, and they are - dare I say - preparing for take off.

That makes the timing of this year's Expo and Congress particularly significant.

As well as the financial crisis, there are a number of other important topics on the agenda over the next few days. One that caught my attention is the environmental impact of aviation. As we emerge from the global financial crisis, this is an ideal time to explore new technologies and strategies that will improve efficiency, reduce costs and at the same time help protect the environment.

It is encouraging to see that a series of seminars covering the use of green technologies, biofuels and new engine technology to reduce CO2 emissions are on the agenda. I look forward to hearing more about the latest developments in these areas.

In Hong Kong, we will continue to promote a favourable business environment through low taxes, open markets and free trade.

As a premier international gateway to China, Hong Kong has an important role to play in the Mainland's economic development. Last year, Hong Kong International Airport was the world's busiest for air cargo and one of the busiest for passengers.

Our aviation network covers 150 destinations worldwide, including 40 Mainland cities. Everyday our airport handles more than 800 inbound and outbound flights. To improve cross-boundary connectivity we have on our drawing broad a railway linking the Hong Kong International Airport with the Shenzhen Airport. This would cut travelling time between the two airports to just 20 minutes.

Asia, in particular China, is one of the world's fastest growing regions for air transportation, with growing demand for aircraft and related equipment and services. This presents huge opportunities for all parties inside and outside the aviation industry.

Here in 2007, over 11,000 trade visitors from 69 economies attended the show. Almost 90 per cent came from Asia - three quarters of those were from the Mainland of China. These participants represent what is potentially the world's biggest civil aviation market. With the show's unique emphasis on the Asia Pacific and the Mainland, it offers unprecedented access to this exciting market.

Ladies and Gentlemen, this event provides a unique opportunity for operators, manufacturers and service and equipment providers to network, to share their visions and to showcase their products. We are delighted to be your hosts in bringing all the right people together in the right place at the right time for the aerospace industry in Asia.

It only remains for me to wish you all a successful Expo and Congress, and an enjoyable stay in Hong Kong.

Thank you very much.
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Old September 11th, 2009, 09:06 AM   #23
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Asia Jet Introduces New Challenger 605 Jet To Hong Kong
10 September 2009
M2 Presswire

Hong Kong, -- Hong Kong-based Asia Jet announced here at the Asian Aerospace Show it is introducing a brand new large-cabin, mid-range Challenger 605 into charter service in Asia. This Challenger 605 aircraft will be based at the Hong Kong Business Aviation Centre at Chep Lap Kok International Airport, where it will be operated and maintained by Asia Jet's exclusive operating partner, Metrojet. The aircraft will be available to Asia Jet Cardmembers beginning in the third quarter of 2010.

The Bombardier Challenger 605* aircraft is the next step in the continuing evolution of the world's best selling family of large business jets. Next-generation innovation, on a tried-and-true platform that has seen Challenger become the backbone of the worlds' most esteemed corporate fleets. An aircraft built in response to the needs and absolute necessities of pilots and business leaders alike, for today and tomorrow. By design, it provides corporate and government leaders with the widest - and indeed, one of the quietest - cabins in the industry, in which passengers can work or rest in total comfort and tranquility. It is also designed to ensure that the Bombardier Challenger aircraft, and those who fly in them, continue to stay ahead of all others.

Combining superior strength, versatility and reliability with cost efficiency matching that of an appreciably smaller jet, the Bombardier Challenger 605 corporate jet is capable, confident and infinitely versatile, allowing leaders to act with swift effectiveness anywhere in their world.

"This remarkable business jet aircraft, with its impressive performance and large-cabin comfort features, will allow our Asia Jet Cardmembers to experience how effectively and efficiently the Challenger 605 can serve the requirements of this region," said Justin Lee Firestone, Founder and CEO of Asia Jet.

*Either registered or unregistered jet trademarks of Bombardier Inc. or its subsidiaries.

About Asia Jet:

Asia Jet is dedicated to providing a private jet card program for the Asian luxury travel market. The Asia Jet Card caters to businesses and individuals who desire many of the benefits of private jet ownership with the flexibility of a short-term commitment, no capital investment, no monthly maintenance costs and no financial risk. For additional information on how Asia Cardmembers can now enjoy the flexibility of aircraft ownership without the financial burden, please visit the Company's website at www.AsiaJet.com

About Metrojet:

Established in 1995 and part of the Kadoorie Group, Metrojet is a leading operator and maintenance provider of business jets in the region, and pioneered business aviation services in Hong Kong. The company was awarded an Air Operator's Certificate (FAA Part 121 equivalent) in June 1997. Part of Hong Kong Aviation Group that has operated helicopters for over 30 years, Metrojet is Hong Kong's only fully licensed business jet operator, providing the complete range of business aviation services, including: comprehensive aircraft management, its much acclaimed and leading aircraft maintenance service and aircraft acquisition and sales.

Chris Buchholz, CEOMetrojet

Justin Lee Firestone, CEO, Asia Jet

David Dixon, Vice President, Asia Pacific and South Asia
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Old September 11th, 2009, 05:36 PM   #24
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Old September 16th, 2009, 04:37 AM   #25
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China unveils jet at Asia's biggest air show
7 September 2009
Agence France Presse

China's largest home-produced commercial jet makes its international debut at Asia's biggest air show on Tuesday, in a demonstration of the country's ambition to be a global aviation giant.

An arm of the state-owned Aviation Industry Corp of China (AVIC) is to unveil its C919 in Hong Kong, with some observers hailing the moment as proof the fast-rising Communist country has arrived in the industry.

"It's the first time that China has put a face in front of the global aviation industry," said Richard Thiele of Reed Exhibitions, which has organised the Asian Aerospace International Expo and Congress, starting Tuesday.

The jet, which according to state media will be ready for service in 2016, is part of China's long-term plan to break the duopoly of Airbus and Boeing in the production of large commercial aircraft.

The first "9" in C919 was chosen because in Chinese the number sounds like a word that means "long time," while "19" reflects the fact that China's first large aircraft will have 190 seats.

The plane was built by state-linked Commercial Aircraft Corporation of China (COMAC), one of at least 11 Chinese companies -- from suppliers to aircraft management firms -- making its debut at the expo, according to Thiele.

It is no coincidence the event is being held on Chinese soil.

The three-day biennial meet, hailed as one of the world's most influential air shows, was moved from Singapore to Hong Kong in 2007 to be closer to mainland China, now seen as the world's fastest growing aviation market.

Thiele, Reed's head of sales for aerospace and aviation, said despite airlines worldwide being hit badly by the global economic downturn, 10,000 visitors and 356 firms are expected to take part in Asian Aerospace.

Lin Zuoming, president of AVIC, told the media last year that their goal was to realise 1,000 billion yuan (145 billion US dollars) of revenue sales by 2017 and be close to becoming a world-class aviation industry player.

Much of that business is expected to come from domestic demand -- as China's economy booms, more of its people can afford to take holidays and its airlines will need more planes to get Chinese passengers to their destinations.

Chinese media reports have estimated that the country's airlines would need a total of 1,600 new passenger jets by the year 2020 and 3,000 by 2050, at a cost of hundreds of billions of dollars.

However, while the state-sponsored Chinese companies might have the determination and the budget to compete with Western aviation titans, some industry experts believe the path to global dominance will be challenging.

Martin Craigs, president of Aerospace Forum Asia, a non-profit group to advance awareness of the aerospace business, said aircraft manufacturing required a highly complex integration of technology and good marketing.

"It would be naive to think that it's going to be simple," he told AFP.

"Airlines are hyper-sensitive to operating costs, fuel efficiency and life-time maintenance support when choosing aircraft. They need certainty and no political, technological and commercial risks."

Andrew Herdman, director general of the Association of Asia Pacific Airlines, a Malaysia-based trade organisation for the region's carriers, said it was not realistic to think Chinese airlines would automatically buy home-made jets.

"Chinese airlines, when deciding whether to buy from Airbus, Boeing or other aircraft manufacturers will weigh the factors up dispassionately," he said.

A less risky alternative for China would be to invest its resources into the research and development of aircraft components and parts, he added.

He also warned that, while the backing of the state gives firms such as AVIC financial clout, it could also put off some buyers.

"The history of national aircraft ventures with political goals inherent in their projects is not something that seem to be taken up by consumers," he said.
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Old October 18th, 2010, 01:06 PM   #26
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Bigger air trade show moved to March to beat typhoons
13 October 2010
South China Morning Post

Asian Aerospace, the biennial trade show for the industry held at Chek Lap Kok airport, will see its exhibition site expanded by 10 per cent in March in response to the growing demand for new aircraft as the region recovers from its economic downturn.

With the event coinciding with celebrations of the cententary of aviation in Hong Kong, the organiser is hoping one of Boeing's new 787 airliners will be on display and will stage a fly-past over Victoria Harbour.

The event has been moved to March from September as the organiser wanted to avoid potential disruptions from the typhoon season in September.

"It will be the first appearance of a B787 in the Asia-Pacific, highlighting the importance of the region to the product," Richard Thiele, head of global sales for Asian Aerospace, said.

All Nippon Airways, the launch customer of the Boeing 787, known as the Dreamliner, is expected to take delivery of the first aircraft next year.

The Boeing 787, which draws on the huge advances made in aviation technology and is largely built from composite materials, is still undergoing a series of test flights.

Whether the aircraft could make its debut flight to Hong Kong would largely depend on how these tests were scheduled, Thiele said.

"It has not been confirmed yet but we worked very hard with Boeing and the Civil Aviation Department to make it happen."

Some 80 per cent of the exhibition area has already been booked by manufacturers and other exhibitors, such as Boeing, Bombardier, Embraer and the Commercial Aircraft Corp of China, which will bring its C919 aircraft to the show - the mainland's first home-developed 150-seater.

The increase in demand for aircraft has also attracted newcomers to the trade show, such as Mitsubishi and Sukhoi, a Russia aircraft manufacturer.

The three-day air show and conference will incorporate associated events, including Air Freight Asia, Asian Business Aviation and Asia-Pacific Airline Training Symposium. The organiser expects airline visitor numbers will exceed significantly the 4,600 achieved from 70 Asian carriers at last year's event.
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Old November 11th, 2010, 04:19 PM   #27
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Asian Business Aviation 2011 in Hong Kong signs up industry leaders
Strong market conditions for Business Aircraft in Asia drives early support of regions number one trade event
18 August 2010
M2 Presswire

Asian Business Aviation 11, the regions number one trade event, is attracting strong attention from the industrys leading manufacturers, with Gulfstream, Dassault and Cessna already signed up to exhibit a large number of aircraft at the show in Hong Kong during 8th-10th March 2011.

Demand for business aircraft in all categories has taken-off across Asia in recent years, with Asian Business Aviation 11 once again poised to be the must attend event for manufacturers strategically committed to the region for the long term.Asian Business Aviation 11 will feature both indoor exhibition space and a large static aircraft display, with corporate chalets at the Hong Kong Business Aircraft Centre, as well as a major conference organised in co-operation with the Asian Business Aviation Association. New exhibition space right alongside the Static Aircraft Display is amongst the added attractions for airframe and engine manufacturers, aircraft interior designers, charter operators, maintenance companies, financiers and FBOs expected to be at the show. A total of 16 business aircraft were on display at Asian Business Aviation 09, including the latest models from Airbus, Bombardier, Cessna, Dassault, Embraer, Gulfstream and Piaggio, making Asian Business Aviation the largest and the premier Business aviation event in Asia. The majority of these manufacturers also exhibited at Asian Business Aviation 10 in Macau in June.Asian economies are growing strongly, with China in particular becoming a powerhouse in reshaping global markets. The resulting demand for Business Aircraft from dynamic companies and entrepreneurs across the region contributed greatly to the strong support for Asian Business Aviation in 2009 & 2010 and we are now delighted to see the 2011 event shaping up to be even more successful, said Richard Thiele, Head of Global Sales Aerospace & Aviation, Reed Exhibitions."If you look at our numbers last year, the US market for Gulfstream accounted for 2%, while Asia grew 15%. As the economy grows here, numbers will grow right along with it, said Roger Sperry, International Sales Vice President, Gulfstream Aerospace.The time for a strong business aviation market in China has arrived, acknowledged John Rosanvallon, President and CEO of Dassault Falcon Jet.Asian Business Aviation 11 will take place alongside Asian Aerospace 11, which will once again be a strong platform to open up Chinese manufacturing capability to Western manufacturers. More than 500 exhibitors from 28 countries participated in 2009 and among the highlights was the international debut of Shanghai-based Commercial Aircraft Corporation of China (COMAC) new C919 airliner.

Business Aviation Growth in Asia / China The focus of the international business aviation is rapidly shifting towards Asia. According to Bombardier, China is forecast to generate orders for 300 news business jets over the next 10 years, which equates to a 15% annual growth. The recent relaxation of Business Aircraft operating regulations/permits in China is proving to be a major contributor to the increased demand. Authorities there have reduced the time it takes to get a flight permit for a Chinese-registered business aircraft from six days to three hours. On the support side, more than20,000sqm of new FBO facilities have been opened across Asia-Pacific over the past three years, with projects in Beijing, Hong Kong and Shanghai dominating development. Another significant contributor to increased demand has been the growth in the number of High Net Worth Individuals across Asia-Pacific, where the total now exceeds those in Europe.

About Reed Exhibitions

Reed Exhibitions is the worlds leading organizer of trade and consumer exhibitions. Reed Exhibitions excels in creating high profile, highly targeted business and consumer exhibitions to establish and maintain business relations, and generate new business.

Every year Reed Exhibitions runs more than 500 events in 38 countries, bringing together over 90,000 suppliers and more than six million buyers. With 2,600 employees in 39 offices around the globe, Reed Exhibitions serve 47 industries worldwide.

Reed Exhibitions network of offices and promoters extends to 65 countries. With more market-leading exhibitions than any other organizer, nobody delivers more business contacts than Reed Exhibitions.
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Old February 8th, 2011, 06:26 PM   #28
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Industry enjoys mood of optimism
Region's aviation showpiece coincides with the 100th anniversary of first flight in Hong Kong
8 February 2011
South China Morning Post

Asian Aerospace, the region's leading commercial aviation exposition and congress, looks set to beat all records in Hong Kong next month.

The Asian Aerospace coincides with 100th anniversary of the first aircraft to fly in Hong Kong - when Belgian aviator Charles Van den Born flew a French-made Farman biplane in Sha Tin.

The high-profile appearance of Commercial Aircraft Corporation of China (COMAC), manufacturer of the new 150-seater, C919 airliner, will be one of the major attractions at the show which runs from March 8-10.

Richard Thiele, head of global sales (aerospace and aviation) at Reed Exhibitions, the organiser of the aviation show and the world's leading organiser of trade and consumer exhibitions, says that the mainland manufacturer will be the largest exhibitor at the show.

COMAC will be among a host of major mainland aerospace companies, and influential government and trade association delegations that are expected to make the Asian Aerospace a truly "East-meets-West" event.

Another Asian manufacturer exhibiting in Hong Kong will be Japan's Mitsubishi, which will be looking to boost the international success of its new 90-seater, MRJ airliner.

A further newcomer to Asian Aerospace will be Russia's Sukhoi, which will be promoting the newly certificated Superjet 100.

Looking westwards, Airbus is expected to join Boeing, Bombardier, CFM International and Embraer among hundreds of international companies returning to Asian Aerospace for this year's event. Asian and mainland airline visitors are expected to exceed the total of 4,600 from 104 carriers achieved at the 2009 event here.

These carriers operate more than 11,000 aircraft, representing half the world's fleet. Official support for Asian Aerospace 2011 from the Civil Aviation Administration of China, China Air Transport Association, China Civil Airports Association and the Civil Aviation MRO Association of China is contributing to prospective record breaking levels of attendance from the mainland.

"The mood in the aviation industry in 2011 is completely different than in 2009," Thiele says.

"Two years ago, the industry was going through a recession, except the mainland which showed growth throughout 2009. This year, there is optimism in the whole industry, which would show in aircraft purchases."

Another highlight will be the high-level Congress, with confirmed keynote speakers including Tony Tyler, CEO of Cathay Pacific Airways, Norman Lo Shung-man, director general of Hong Kong Civil Aviation Department, Andrew Herdman, director general of the Association of Asia-Pacific Airlines, and Professor Wei Shyy, provost and chair professor (mechanical engineering) at the Hong Kong University of Science and Technology.

According to Thiele, more than 300 business leaders are expected at the Congress, which will be a focal point for exhibitors and delegates to network. The Congress is organised in co-operation with industry's leading B2B publisher, flightglobal.com.

In addition to the Congress, Asian Aerospace will host the Asia-Pacific Aviation Training Symposium which will be held within a dedicated Simulation and Training pavilion.

Leading global and regional experts will deliver updates on regulatory changes, latest technology and proven best practice in the delivery of civil aviation training.

Training is a key enabling technology for safe aviation growth in the Asia-Pacific.

The Hong Kong Civil Aviation Department will host a separate Accident Investigation conference during Asian Aerospace.

Alongside is the Air Freight Asia exhibition. It is a preeminent conference and exhibition for air cargo and the supply chain sector and is attracting strong industry support amid booming market conditions across Asia. Major international exhibitors committed to the show include Air Bridge Cargo, Etihad Airways, Hactl, Hong Kong International Airport, International Cargo Centre Shenzhen, Kingfisher Airways, United Cargo and World Airways.

Another new feature at Asian Aerospace 2011 will be the inaugural "Aviation Awards Asia" event, organised with Asian Aviation magazine.

The awards recognise excellence and outstanding achievements in the following categories: Full Service Airline, Low Cost Carrier, Business Aviation, MRO, Technology and Environment and Airport of the Year Award.

Asian Aerospace 2011 will again take place at AsiaWorld-Expo.

It not only offers convenient and speedy MTR links from downtown Hong Kong and the city's international airport, it is also located close to the static display area.
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Old March 10th, 2011, 11:51 AM   #29
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Asian air show kicks off in Hong Kong as plane makers eye booming China market
7 March 2011

HONG KONG (AP) - China's booming aviation market is firmly on the radar of the aerospace industry as a major Asian air show get sets to lift off Tuesday.

More than 270 companies from 32 countries are setting up booths at the Asian Aerospace Expo and Congress 2011 in Hong Kong, but event organizers say the biggest display will be the one belonging to Commercial Aircraft Corporation of China Ltd.

The state-owned plane maker, known as Comac, has not been shy about its intentions to break into a global aviation market, long dominated by Boeing and Airbus, with its single-aisle C919 passenger jet, which is still in the design stage.

HNA Group, which operates Hainan Airlines, China's fourth-biggest airline, will also be making news at the show. The company plans to sign an aircraft purchase agreement at a ceremony Tuesday at which Boeing, Airbus, Dassault and Gulfstream will also be present.

Airbus, Boeing and other international aircraft manufacturers will also be eyeing potential deals in China.

Asian demand is proving to be the savior for the global air transport market, which is seeing slower growth in other regions.

In a long-term global forecast for airplane demand released ahead of the show on Monday, Airbus executives said they expect Asia's rapidly growing middle classes to drive demand for new airplanes over the next 20 years and help the region overtake North America and Europe as the world's biggest air transport market.

Canada's Bombardier, Brazil's Embraer, and other makers of smaller jets will also be on hand, underscoring their desire to cash in on opportunities for sales of corporate and private jets.

Private aviation in China is a small and still tightly restricted market but growing demand from wealthy people and business travelers is paving the way for growth.

"The Chinese market is for us the fastest growing market," said Francois Chazelle, Airbus's vice president of executive and private aviation.

China accounted for about 25 percent of Airbus corporate jet deliveries last year, compared with 50 percent for the Middle East, although Chazelle said he expected China to catch up.

The European plane maker sells corporate versions of its smaller commercial passenger jets ranging in price from $65 million to $80 million. Chazelle said he expects to sell about five such jets a year in China.

Of course, it wouldn't be an air show without displays of gleaming hardware and 21 jets will be on show, ranging from a Hawker Beechcraft King Air 350i nine-passenger turboprop to a Boeing Business Jet.

The three-day show is being held at an exhibition center near Hong Kong's airport. Unlike other big aviation fairs around the world, it won't feature flying demonstrations or military hardware and is not open to the public.
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Old March 10th, 2011, 07:39 PM   #30
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Old March 12th, 2011, 06:01 PM   #31
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Old March 15th, 2011, 03:41 PM   #32
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USD12bn Deals Inked at Asia Aerospace Expo

HONG KONG, March 9, SinoCast -- Two deals worth nearly USD 12 billion were signed just as the Asian Aerospace International Expo Congress 2011 opened on March 8 in Hong Kong.

The three-day expo attracted 270 exhibitors from 32 countries, including The Boeing Company (NYSE: BA) and Airbus, as well as up to 11,000 visitors.

At the professional visitor-only expo without aerobatic flights or military aircrafts, airlines that own more than 50 percent of the commercial aircrafts worldwide displayed their products. The organizers stressed that the popularity of the expo was in part attributed to the great charms of the Chinese market.

At 9:30 a.m. on March 8, before the opening ceremony of the expo, Boeing and Air China Limited (SHSE: 601111 and SEHK: 0753) signed a formal agreement upon the purchase of five Boeing 747-8 Intercontinental passenger aircrafts.

With the new airplanes, Air China will strongly extend its overseas route network, disclosed He Li, a vice president of the Chinese air carrier, which stands on the nation's Top Three list.

The passenger version, named 747-8 Intercontinental, just rolled off the production on February 13, and will have test flights later in the first half of this year, according to an executive with Boeing China.

It is unknown how much the Chinese air carrier will pay for the new passenger aircrafts to Boeing, and the deal is estimated to help the US aircraft manufacturing titan gain at least USD 1.5 billion.

Shortly after the opening ceremony, another Chinese aviation conglomerate HNA Group (Hainan Airlines Group) announced that it signed memos of understandings (MOUs) with Boeing, Gulf Stream and Dassault.

The three deals involve a total of 48 planes, and the president of Hong Kong Airlines Ltd., controlled by HNA Group, disclosed that the deals were valued at USD 10 billion in total.

The HNA Group Board Member Tan Xiangdong said that the agreement that they inked with Boeing involved 38 aircrafts, including 30 787-9 aircrafts, six 777-200 freighters, and two 787 VIP business jets. All these planes will be used to fly long- and medium-distance international routes from Hong Kong.

In addition, HNA Group purchased five high-end business jets separately from Gulf Stream and Dassault, so as to expand its business jet fleet and strengthen the development of the domestic market.

The group, headquartered in the southern Chinese province of Hainan, owns Asia's largest business jet operation firm. With more than a decade of experience in the field, it had contributed much to China's business jet market growth of 40 percent in the past two years.

Airbus is also striving to capture a larger share in the Chinese market. Currently, the first A380 aircraft of China Southern Airlines Co., Ltd. (SEHK: 1055; SHSE: 600029) has been completed in Toulouse, France and completed the test flight from the French city to Hamburg, Germany.

After the aircraft is delivered in the second half of 2011, China Southern Airlines will become the world's seventh operator of the model.

(USD 1 = CNY 6.58)
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Old March 19th, 2011, 05:43 AM   #33
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747-8I orderbook climbs to 38 as carriers back Boeing
15 March 2011
Flight International

China's flag carrier becomes third airline to opt for new passenger version of jumbo jet

Boeing received a major fillip at Asian Aerospace from two of China's biggest airline groups, with a much-needed order for five of its slow-selling 747-8Is and a further deal for 38 passenger and cargo widebodies.

Air China is only the third airline to order the passenger version of the new Boeing jumbo jet following commitments from Korean Air and Lufthansa. Once approved by the Chinese government, it will take the orderbook to 38 aircraft, including eight in VIP configuration. There are also 74 Freighters on order.

Hong Kong Airlines is to take 30 787-9s, six 777 Freighters and two 787-8s in VIP configuration as part of a major aircraft commitment announced by its parent company, HNA Group, China's most powerful private aviation player.

HNA signed separate memorandums of understanding with Gulfstream for five G450s and G550s, and with Dassault for five Falcon 7X business jets.

HNA, which also owns Hainan Airlines, China's fourth largest and biggest privately-owned carrier, wants to develop Hong Kong Airlines into a much bigger force in the territory, where it competes with flag carrier Cathay Pacific.

"There are many routes that are not served and we can grow those," says Adam Tan, director of HNA. "We also believe there is growing demand for Hong Kong as a hub and Hong Kong Airlines will contribute to that."

The business jets are likely to be used by Hongkong Jet, which is the business aviation charter arm of Hong Kong Airlines, and Deer Jet, the Beijing-based corporate aviation branch of HNA.

Air China, a 747 operator since the 1980s, says its new 747-8Is, which are expected to arrive in three years, will deliver "exceptional economics and a great flying experience".

China with its fast growing air transport market is a key battle ground in the ultra-large airliner segment. The only order for Airbus's rival A380 in China has been from China Southern Airlines, which will receive the first of its five this year.

Air China has been a 747 operator since the 1980s.
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