BOCOM Leasing Delivered the First Aircraft Using Sustainable Aviation Fuel, Ushering in a New Era of Aviation Leasing Services

infodate:2022.10.17

On October 12, the first A320neo aircraft using sustainable aviation fuel (SAF) was successfully delivered by BOCOM Leasing to China Eastern Airlines. This project is the first time that a Chinese leasing company has refueled sustainable aviation bio-fuel. This delivery was strongly supported by the aircraft manufacturer Airbus Industrie, the engine manufacturer CFM International.INC and the sustainable aviation fuel provider China National Aviation Fuel Group Limited (CNAF), and all parties gave positive comments and affirmation to the cooperation in this project.

 

The aircraft, an Airbus A320neo, was purchased and introduced directly from Airbus by BOCOM Leasing and provided to China Eastern Airlines through the special project company established by BOCOM Leasing in the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone on an operating lease basis. The aircraft will, as a new generation of mainstream narrow-body passenger aircraft, help the Airlines further improve operational efficiency and reduce fuel consumption. With professional technical support from Airbus and CFM, the aircraft was delivered with sustainable aviation bio-fuel provided by CNAF, and the technical condition of the aircraft was strictly verified and evaluated by China Eastern Airlines and BOCOM Leasing. The delivery was successfully completed under the joint witness of all parties.

 

Sustainable aviation bio-fuel is a kind of alternative fuel produced in a sustainable manner from waste animal and vegetable fats, oils, municipal waste and agricultural and forestry waste. Compared to conventional fossil fuels, SAF produces up to 85% less carbon emissions throughout the entire process from raw material collection to end-user use.
The SAF fuel delivered this time was purchased by Airbus from CNAF, which was refined by Sinopec Zhenhai Refining & Chemical Company (ZRCC) using waste cooking oil as raw material. It is the first batch of domestic SAF fuel after China's first set of sustainable aviation fuel industrial plant has achieved large-scale production.

BOCOM Leasing will continue to serve the national strategy, actively respond to the "carbon peaking and carbon neutrality" strategy, continue to accelerate the development and business expansion of green leasing products, explore green financial reform and innovation, strive to stimulate the vitality of the green financial market, effectively improve the level of green financial services, and help the country achieve the carbon peaking and carbon neutrality, and contribute more to promoting green development.

Latest articles