China Eastern ends A340-600 revenue operations

Juneyao Airlines dumps half its shares in China Eastern

Shanghai Juneyao Group, the privately-owned parent company of Juneyao Air (HO, Shanghai Hongqiao), intends to halve its stake in China Eastern Airlines (MU, Shanghai Hongqiao) by selling off up to 156 million shares, equal to 0.826% of the state-owned carrier’s total equity, China Eastern revealed in a stock filing on September 21.

Shanghai Juneyao currently directly holds a 1.65% shareholding (311,831,909 shares) in the Chinese giant, but this is part of a wider combined stake of 8.9% that the group holds in China Eastern, as three of its subsidiaries also own separate stakes of 1.23% (Juneyao Air itself), 3.12% (Shanghai Jidao), and 2.90% (Juneyao Hong Kong).

“Due to the needs of Juneyao Group’s own business plan, within six months after 15 trading days from the date of disclosure of this announcement, it plans to reduce its holding of the company’s shares by no more than 155,915,954 shares through centralised bidding transactions,” the disclosure summarised.

Cooperation between the two airlines goes back nearly 20 years, and in September 2019 they finalised a cross-shareholding...

Boeing to seek new customers for Chinese B737 MAX

Boeing (BOE, Washington National) will begin seeking new customers for B737 MAX, originally built for Chinese customers, as the type remains grounded in China, Chief Financial Officer Brian West admitted at a conference organised by Morgan Stanley.

"We have deferred decisions on those planes for a long time. We can't defer that decision forever. So we will begin to remarket some of those airplanes," he told the reporters.

Almost simultaneously, Chief Executive Dave Calhoun echoed West's sentiment.

"We'll do it in a very slow way because I want to protect our customers in China, but you can't wait forever. You've got to move them, and there is a big market," he said on the sidelines of the US Chamber of Commerce Aerospace Summit.

The ch-aviation fleets advanced module shows that China Southern Airlines, Donghai Airlines, Okay Airways, and Ruili Airlines have at least 104 B737 MAX on firm order. However, Chinese carriers typically don't disclose their orders until delivery and are not identified in the manufacturer's order books....

Air China Cargo completes IPO registration

New wave of lockdowns across China; Chengdu heavily affected

Flight cancelation rates are spiking across China as authorities again crackdown on travel and lockdown cities amid fresh waves of Covid-19 infections. Doubling down on its Covid-zero strategy and ahead of a critical Chinese Communist Party congress meeting in October, 33 cities in China are under so-called static lockdowns which are disrupting the day-to-day operations of key infrastructure such as airports and the airlines that serve them.

According to ADS-B data tracking services, at Chengdu Tianfu there are 116 aircraft grounded with Chengdu Airlines, China Eastern Airlines, Air China, Hainan Airlines, Sichuan Airlines, Lucky Air (China), Shenzhen Airlines, China Express Airlines, Loong Air, and Qingdao Airlines affected while at Chengdu Shuangliu there are 148 on the ground with Air China, Sichuan Airlines, China Eastern, China Southern Airlines, Tibet Airlines, Chengdu Airlines, and LJ Air impacted. At Guiyang, in Guizhou province, there are 35 aircraft on the ground from Air China, China Southern, Shandong Airlines, Colorful Guizhou Airlines, 9 Air, Tianjin...