CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., has executed lease agreements with Zhejiang Loong Airlines Co., Ltd. (Loong Air) for six Airbus A321neo aircraft, with deliveries scheduled for 2027. The transaction reflects the two companies’ longstanding strategic relationship, spanning over a decade, and reinforces their mutual commitment to supporting China’s aviation development.
Chen Feng, the former chairman of HNA Group, has been sentenced to 12 years in prison and fined $30.8 million for corruption offenses uncovered during the company’s extensive bankruptcy and restructuring process. The sentence comes following a sweeping investigation into mismanagement and financial misconduct at one of China’s most ambitious conglomerates.
China Southern Airlines has expanded its single-aisle fleet with the delivery of a new Airbus A320neo, serial number 12627, powered by LEAP-1A26 engines. This addition continues the airline’s fleet modernization strategy, aimed at improving operational efficiency and reducing environmental impact.
Spring Airlines has received approval from the Shanghai Stock Exchange for its planned issuance of a US$278 million public bond, signaling a key step in the airline’s strategy to strengthen its balance sheet and secure additional capital for operational and expansion purposes.
China Express Airlines has expanded its fleet with the delivery of a new Airbus A320neo, identified by serial number 12689. The aircraft is powered by Pratt & Whitney PW1127G-JM geared turbofan engines, a highly efficient propulsion system designed for lower fuel burn and reduced emissions.
China Eastern has issued a financial forecast anticipating a net loss between $167 million and $223 million for the first half of 2025. This projection underscores ongoing challenges faced by the airline as it works to stabilize operations and finances in the post-pandemic era, amid complex market dynamics and shifting passenger demand.
Xiamen Airlines, one of China’s major regional carriers, has received a Boeing 737-8, bearing manufacturer serial number 43840, equipped with LEAP-1B engines. This delivery further strengthens the airline’s strategy of upgrading its narrowbody fleet for enhanced fuel efficiency and improved operating economics.
Shandong Airlines, a regional carrier based in China, has taken delivery of a new Boeing 737-8, carrying manufacturer serial number 61456 and powered by LEAP-1B27 engines. The aircraft enhances the airline’s growing narrowbody fleet and supports its long-term commitment to operational efficiency and lower environmental impact.
China Eastern Airlines has expanded its narrowbody fleet with the delivery of a Boeing 737-8, bearing manufacturer serial number 61637, powered by LEAP-1B27 engines. This delivery is part of the airline’s broader initiative to modernize its short-to-medium-haul operations with more fuel-efficient and environmentally compliant aircraft.
China Southern Airlines has issued a forecast anticipating a net loss ranging from US$187 million to US$245 millionfor the first half of 2025. The announcement signals a challenging start to the year for one of China’s largest carriers, as lingering structural issues and macroeconomic headwinds continue to impact profitability.
