Asia-Pacific Aerospace Briefs Today
April 2nd 2024
Today's briefs report news from Ant International, Capital A, China Aircraft Leasing Group Holdings Limited, China Development Bank Financial Leasing Co, Honeywell and Trip.com Group. Read More »
Capital A has expanded its partnership with Trip.com Group – the two companies have been working together since 2020 – to flights, accommodation, attractions, tickets, car-hailing, and payments.
In other Capital A news, the parent company of AirAsia Aviation Group has signed a partnership with Ant International covering the integration of more payment methods on its fintech business, BigPay, and its online travel app, MOVE, as well as digital marketing and sponsorship opportunities.
China Aircraft Leasing Group Holdings Limited (CALC) has contracted a sale and purchase agreement with Armogan Holdings II Designated Activity Company for three A320s.
The lessor also has signed a sale and purchase agreement with China Development Bank Financial Leasing Co. for two A321s.
China Development Bank Financial Leasing Co, the parent of aircraft leasing company CDB Aviation, has reported net profit of 4.2 billion yuan (US$574 million) for the 12 months to December 31, a gain of 23.8% for the year. Revenue improved 1.1%, to 23 billion yuan, the company said in a regulatory filing. “The group continued to optimise its fleet structure, dispose of non-core fleet and gradually retire old aircraft to reduce risk exposure,” the company said of its aircraft leasing business.
Honeywell is investing US$80 million to expand its manufacturing facility in Kansas, which produces flight-critical avionics, safety and flight control systems, to strengthen its supply chain and make it more responsive and resilient.
