Flying-Tiger
Topic Author
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Junyao Airlines Next A350XWB Customer?

Fri Oct 05, 2007 6:24 am

Taken from today´s issue of ATWonline:

Quote:
Shanghai-based Junyao Airlines, benefiting from robust domestic growth and yuan appreciation, earned a net profit of CNY18 million ($2.4 million) from January to August operating with an average load factor of 80%, President Wang Junjin revealed this week on the occasion of the carrier's one-year anniversary. He expressed satisfaction with the result considering the company's youth. Buttressed by the solid result, Junyao is seeking to sell a 20%-25% stake to an international investor.

"We hope to reduce our debt ratio through private placement," Wang explained. He noted that the company plans to list its shares in the future but declined to reveal a timetable. The airline also is considering launching international service to major Asian countries soon. It currently operates two A319s and three A320s. It will take delivery of an A320 this month and plans to place orders for as many as 30 aircraft by 2010 comprising a mix of A320s and A350s.

Anyone able to say what the status of China´s A350 order is? Still a LoI? Anyway, if above is confirmed a nice win for Airbus in one of the largest markets in future.
Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
 
columba
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RE: Junyao Airlines Next A350XWB Customer?

Fri Oct 05, 2007 9:36 am

Quoting Flying-Tiger (Thread starter):
Junyao Airlines

Never heard of them....
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
slz396
Posts: 1883
Joined: Tue Oct 02, 2001 7:01 am

RE: Junyao Airlines Next A350XWB Customer?

Fri Oct 05, 2007 9:42 am

Quoting Flying-Tiger (Thread starter):
Anyone able to say what the status of China´s A350 order is.

As far as I am aware, Junyao Airlines does not take their planes from the centrally ordered batch of aircraft the Chinese State Agency commits to, but rather negotiates their orders directly with the manufacturer, in this case Airbus.
 
slz396
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Joined: Tue Oct 02, 2001 7:01 am

RE: Junyao Airlines Next A350XWB Customer?

Fri Oct 05, 2007 9:45 am

Quoting Columba (Reply 1):
Never heard of them....

Brief introduction to the airline:

http://uk.biz.yahoo.com/13082007/323...plans-raise-150-mln-usd-stake.html
 
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SOBHI51
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RE: Junyao Airlines Next A350XWB Customer?

Fri Oct 05, 2007 9:55 am

Quoting Flying-Tiger (Thread starter):
Never heard of them....

Neither did i.
It seems they only have few local routes,planning to expand but does that calls for A350's? I doubt that  twocents 
I am against any terrorist acts committed under the name of Islam
 
Flying-Tiger
Topic Author
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RE: Junyao Airlines Next A350XWB Customer?

Fri Oct 05, 2007 10:04 am

Quoting SOBHI51 (Reply 4):
It seems they only have few local routes,planning to expand but does that calls for A350's? I doubt that

Take a look on how JetBlue looked 6 or 7 years ago and how they look now. Any A350 (or for that matter B787) ordered today will only be available to the airline from 2013 or 2014 onwards - means that they have another 6 to 7 years to build their feeder networks and to develop the market. Should be possible IMO.
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