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Take stock of | January 2022 aviation highlights

Take stock of | January 2022 aviation highlights

Happy New Year, big guys ~ fat first give everyone a New Year's greeting! Let's move on to the January 2022 aviation news takedown time.

1

The Mainland Boeing 737 MAX was test flown

Take stock of | January 2022 aviation highlights

On the 9th, the Boeing 737 MAX 8 with HNA registration number B-207T took off from Taiyuan and was transferred to Haikou. On the 21st, after nearly three years, the first 737 MAX 8/B-1206 received by China Southern Airlines underwent a test flight of about three hours, and on the same day, HNA's 737 MAX 8/B-207T was also tested in Hainan. This is the first time that the 737 MAX, which Chinese mainland, has undergone test flights since the march 2019 ban.

2

Greater Bay Area Airlines wants to buy 30 single-aisle aircraft

Greater Bay Area Airlines is reportedly looking to order up to 30 single-aisle aircraft for up to $1.77 billion, between the A321neo and the 737 MAX 10.

Take stock of | January 2022 aviation highlights

At present, GBA Airlines has introduced two 737-800/B-KJA/B through leasing. In October last year, Greater Bay Area Airlines had already obtained an AOC of air operation license and was able to operate charter flights, but it had not yet obtained an air transport license, so it could not open regular commercial flights, and it is expected to obtain ATL as soon as 2022.

3

Airbus announced the cancellation of the Kahang 50 A321neo order

Airbus announced on the 21st that it canceled the order for 50 A321neo from Qatar Airways according to "its own rights", which is obviously related to the dispute between the two sides over the A350 paint issue. In a statement later, AirCa said Airbus "has clearly decided to expand and escalate this dispute", claiming that it "complied with all obligations under all applicable contracts" and posted a video on social media showing the paint problems its A350 fleet encountered.

Take stock of | January 2022 aviation highlights

The A321neo originated from a deal about 10 years ago, which was worth $4.6 billion at the then catalog value.

4

A U.S. F-35C was damaged in the South China Sea

Take stock of | January 2022 aviation highlights

A U.S. Navy F-35C fighter jet was damaged on the deck of the USS Carl Vinson during routine training in the South China Sea on Monday, and the pilot successfully parachuted into the aircraft, which is now in stable condition, and seven other crew members were injured, three of whom were taken to a hospital in Manila for treatment and in stable condition, while the other four were handled on the USS Carl Vinson without major problems.

5

The launch of the new 5G band in the United States once triggered a large-scale cancellation of flights

On the 19th, U.S. communications carriers AT&T and Verizon plan to enable 5G services with a frequency band of 3.7-3.98 GHz, but this frequency band is close to the operating frequency band of the radio altimeter 4.2-4.4 GHz on commercial airliners, and the FAA believes that it may cause interference to the operation of the aircraft's radio altimeter. In response to this situation, the FAA first approved the use of radio altimeters on aircraft including the 737 to 777 and Airbus A310, A319, A320, A330, A350 and A380 at low vision, increasing the number of aircraft covered to about 62% of the total number of commercial aircraft in the United States, but the 787 was not approved.

Take stock of | January 2022 aviation highlights

However, the FAA subsequently issued airworthiness instructions to the 777 series and 747-8 series, one of the main forces of the current international long-distance routes, referring to the case of 5G signal interference with the radio altimeter, and the flight control system of these two models may fail or fail due to abnormal data. Including Emirates, All Nippon Airways, JAL and other airlines announced changes to US routes and even cancelled flights.

With the biden administration's intervention, AT&T and Verizon agreed to postpone the opening of 5G signal towers near important airports to avoid serious impacts on flights. The FAA also allowed the use of radio altimeters at important airports such as Kennedy and LaGuardia in New York, Los Angeles, Chicago O'Hare and Midway, San Francisco and Seattle on Tuesday night.

6

Kahang or into 777XF start users

According to media reports, Boeing is in talks with Qatar Airways to potentially announce the purchase of a batch of 777X freighters during Qatar's King Tamim's visit to the United States, with a catalog price of up to $14 billion.

Take stock of | January 2022 aviation highlights

Qatar Airways CEO Al Baker has previously expressed interest in purchasing up to 50 full cargo aircraft to renew the fleet and will purchase more cargo aircraft with the option. As the dispute between Airbus and Qatar Airways over the A350 paint issue has intensified, AirCarpus has ruled out the possibility of purchasing cargo aircraft from Airbus. The latest news is that Qatar Airways may order 15 777X freighters and a batch of options orders first.

7

Boeing's fourth quarter fiscal 2021 financial report is released

On the 27th, Boeing released the financial report for the fourth quarter of fiscal 2021, with a total operating income of $14.8 billion and a quarterly loss of $4.164 billion in the fourth quarter; an operating income of $62.3 billion for the whole year, a loss of $4.290 billion, compared with a loss of $11.941 billion in the same period last year. Boeing accrued a total of $5.5 billion in related expenses due to repeated delays in 787 deliveries, and the fourth quarter achieved its first positive cash flow since the beginning of 2019, thanks to the massive delivery of the 737 MAX and the rapid growth of the post-pandemic travel market.

Take stock of | January 2022 aviation highlights

In terms of production capacity, the monthly production capacity of the 737 MAX increased from 19 in the previous quarter to 26, and the monthly production capacity of the 777 is planned to increase to 31 in early 2022, and the monthly production capacity of the 777 will increase from 2 to 3 due to strong demand in the freight market.

Boeing CEO Dave Calhoun said he was confident the 737 MAX would be able to resume operations in China in a short period of time, but Boeing's 787 and 777X projects still faced challenges from U.S. and European regulators, respectively. The 787 is still unable to deliver due to manufacturing defects, and the FAA is reviewing the improvements submitted by Boeing, while EASA has questioned the safety redundancy of the 777X flight control system.

8

The Y-20 carried out overseas disaster relief missions for the first time

Take stock of | January 2022 aviation highlights

On the 27th, two Y-20s took off from Guangzhou Baiyun Airport with 33 tons of relief materials, and the relief materials loaded on the plane included: food, drinking water, water purifiers, tents, folding beds, personal protective equipment and radio communication equipment, etc. After stopping in three places, they flew to Tonga, and this batch of relief materials was the first batch of relief materials shipped from Mainland China to Tonga. In addition, this is the first time that the Y-20 has carried out a mission abroad this year, and it is also the longest voyage of the Y-20 to perform a mission abroad so far.

9

The three major airlines are expected to lose more than 10 billion yuan

Take stock of | January 2022 aviation highlights

After the close of the market on the last trading day of the Lunar New Year, major airlines have successively issued performance forecasts in Shanghai and Shenzhen. The three major airlines are expected to lose more than 10 billion yuan in 2021, and then report huge losses after 2020, with China Airlines with a pre-loss of 14.5-17 billion yuan as the most, and East and China Southern Airlines with pre-losses of 11-13.5 billion yuan and 11.3-12.8 billion yuan respectively (it should be pointed out that the all-cargo business of China And Eastern Airlines has been divested from listed entities). In terms of HNA, due to the restructuring of its business in 2021, HNA expects a floating profit of 4.5-6.2 billion yuan in 2021, but after deducting non-recurring gains and losses, it is expected to lose 8.8-10.5 billion yuan.

In terms of small and medium-sized airlines, Spring Airlines is the only listed airline expected to be profitable (the unlisted Xiamen Airlines has previously announced that it will continue to be profitable in 2021), with a pre-profit of 0.35-0.52 billion yuan in 2021, while Jixiang and Huaxia Airlines are expected to lose money. The pandemic and higher oil prices are the main reasons for the widespread losses of airlines.

Compared with the general huge loss of passenger transport business, air cargo is very profitable, taking the listed company China Eastern Airlines Logistics (SH: 601156) as an example, the net profit in 2021 is expected to reach 3.465-3.940 billion yuan.

The above is the aviation news inventory for January 2022, thanks for watching, see you next month.

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