China Aircraft Leasing Company (CALC) signed (11-Jul-2012) a MoU for 36 current generation A320 family aircraft. The deal includes eight A321 and operators will be able to select Airbus’ new sharklets. CACL CEO Mike Poon said, "This sizeable aircraft order will lay the foundation for CALC to achieve our ambition to become a major aircraft lessor in the region.” Hong Kong-based CALC currently owns a portfolio of 11 Airbus aircraft including five A320s, five A321s and one A330. It also has three A330s and five A320s aircraft in its delivery pipeline. With this new commitment, CALC’s Airbus fleet will grow to over 50. [more - original PR]
China Aircraft Leasing Company commits to 36 A320 family aircraft
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One area where United Airlines has made important strides during the last few years is in overhauling its balance sheet. Its efforts have gained some recognition from credit agencies for its progress in paring down debt and improving leverage ratios; but similarly to its rival American Airlines – attaining an investment-grade credit rating is not a huge priority for United. The airline believes it can achieve some benefits that investment-grade companies enjoy with the current state of its balance sheet.
In order to sustain the progress it has made in balance sheet repair United plans to amend its aircraft order book to slash capex commitments during the next couple of years, including the deferral of 61 Boeing narrowbodies. United is hinting that other fleet changes could be under consideration, including deals similar to the agreement it forged during 2015 to lease used Airbus A319s.
This is Part 2 in a two-part series reviewing United’s financial and revenue-generating opportunities.
Malaysia Airlines update Part 2: China drives resumption of capacity and network growth
Malaysia Airlines will resume expansion in 2017 with several new routes and capacity increases on existing routes. Most of the expansion is directed at China, with eight new destinations, the resumption of a second daily flight to Shanghai, and upgauging one of its Hong Kong flights.
The airline is evaluating further expansion in China and elsewhere in North Asia in 2H2017 if it succeeds at securing additional A330s. Malaysia Airlines continues to seek leases on up to four A330s, which would result in a fleet of 19 aircraft.
Overall seat capacity will be up by 5% to 6% in 2017. Passenger numbers could potentially increase by more than 10% as Malaysia Airlines aims to significantly improve its load factor on the back of new lower fares.