北京商报讯9月29日，北京商报记者从空中客车公司获悉，空中客车任命王璀（Troy Wang）自明年1月1 日起担任空客全球高级副总裁、空客中国民用飞机商务负责人。现任空中客车全球高级副总裁、空中客 车中国民用飞机商务负责人刘莉将于2025年底退休。 据了解，在加入空中客车之前，王璀担任罗尔斯-罗伊斯大中华区总裁，同时兼任罗罗民用航空全球高 级副总裁，负责大中华区民航发动机的客户业务，并担任罗罗（中国）投资有限公司董事长、北京航空 发动机维修有限公司副董事长。 （文章来源：北京商报） ...

Core Viewpoint - Airbus has appointed Troy Wang as the new Senior Vice President and Head of Commercial Aircraft Business in China, effective January 1, 2026, succeeding Liu Li who will retire at the end of 2025 [2] Group 1: Appointment Details - Troy Wang will report to Xu Gang, the CEO of Airbus China, and will also report to Benoît de Saint-Exupéry, the Executive Vice President of Sales for Airbus Commercial Aircraft [2] - Wang expressed his honor and excitement to join Airbus, highlighting China's significance as the largest single-country market for Airbus and one of the fastest-growing aviation markets globally [2] Group 2: Previous Experience - Before joining Airbus, Wang served as the President of Rolls-Royce Greater China, overseeing strategic planning, market positioning, government relations, corporate management, and sustainability for the group in the region [2] - He also held the position of Senior Vice President for Civil Aerospace at Rolls-Royce, responsible for customer business in the civil aviation engine sector in Greater China [2]

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) 格隆汇9月28日｜国务院国资委副秘书长李冰9月27日在委内会见空中客车公司企业资讯及公司事务执行 副总裁朱莉。李冰对朱莉一行的到访表示欢迎。 他表示，近年来中法关系一直保持着高水平发展，中 法企业合作不断迈上新台阶。国资央企正积极与包括空中客车公司在内的知名跨国公司强化合作，希望 双方发挥各自比较优势，拓展科技创新、供应链管理、绿色低碳等领域合作，加强产业协同，更好地服 务全球市场。朱莉高度评价中央企业取得的发展成就。 她表示，中国拥有超大规模市场优势，空中客 车公司与中国中央企业在航空业绿色低碳和可持续发展等方面合作潜力巨大，愿进一步深化合作，携手 推动全球航空业高质量发展，实现互利共赢。 ...

Group 1 - Kratos Defense & Security Solutions has established a factory to produce 24 XQ-58A Valkyrie combat drones, aiming to secure contracts with the U.S. Marine Corps and Airbus [1] - The U.S. has reclassified drones to fighter jet status, prompting Cathie Wood's ARK Invest to adjust their defense stock holdings [2] - The defense and aerospace sector is experiencing a surge, with notable increases in stock prices for companies like Kratos and Rocket Lab [4] Group 2 - Major indexes are reaching new highs, indicating a potential bullish phase in the market rally, with Tesla and Kratos among the stocks showing buy signals [4] - Increased defense spending targets by NATO and heightened military activities in the Middle East are contributing to the rise in defense stocks [4] - The market is witnessing a focus on drone technology, with expectations for significant advancements and investments in hypersonic capabilities [4]

Core Viewpoint - Delta Airlines is replacing engine units on over 300 Airbus aircraft to address toxic gas leak issues in the cabin air, which have been increasingly reported in recent years [1][3]. Group 1: Toxic Gas Leak Issues - There has been a rising frequency of toxic smoke incidents in commercial aircraft cabins, posing a hidden risk that has led to brain damage in some passengers and crew members [3]. - Since 2010, the Federal Aviation Administration (FAA) has recorded thousands of reports related to toxic gas leaks, with a significant increase in recent years, particularly concerning the Airbus A320 series aircraft [3].

Group 1 - The Aerospace Forum aims to identify investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [2] - The forum is led by an analyst with a background in aerospace engineering, providing insights into industry developments and their potential impact on investment strategies [2] - The service offers access to an in-house developed data analytics platform, evoX Data Analytics, enhancing the research capabilities for investors [1] Group 2 - The analyst emphasizes the importance of data-driven analysis in formulating investment ideas within the complex aerospace industry, which has significant growth prospects [2] - The forum provides direct access to data analytics monitors, allowing members to stay updated on market trends and investment opportunities [2]

Energy (KMI, LNG, TRGP) and Aerospace & Defense (BAESY, EADSY, SAFRY) sectors lead with numerous strong buy ratings on Friday. Retail also shows strength on Thursday with new strong buys for WMT, HD, and AZO. However, semiconductor giant Intel (INTC) was downgraded to strong sell on Friday, indicating potential headwinds. Target (TGT) also received a strong sell on Thursday, suggesting selective caution in retail. Disclaimer: This article is for informational purposes only and does not constitute financial ...

Core Insights - Hong Kong Aircraft Engineering Company (HAECO) has announced a new agreement with Airbus Services company Satair to expand the supply range of consumable parts, specifically providing Airbus standard parts for all operating companies under HAECO [1] Company Summary - HAECO is a provider of aircraft engineering and maintenance services [1] - The new agreement was signed at the MRO Asia-Pacific event, indicating HAECO's commitment to enhancing its service offerings in the region [1] Industry Summary - The agreement highlights a growing trend in the aviation maintenance, repair, and overhaul (MRO) industry towards collaboration between service providers and manufacturers to ensure the availability of standard parts [1]

Investment Rating - Industry rating: Outperforming the market [1] Core Insights - Aircraft manufacturers are slowly recovering capacity, but the number of grounded aircraft remains high. Supply chain and labor shortages continue to impact production, leading to delivery delays. From January to July 2025, Boeing and Airbus delivered only 701 aircraft, with a monthly average of about 100 aircraft, which is 74.6% of the peak monthly delivery of 134 aircraft in 2018. Meanwhile, aircraft order demand remains strong, with backlogged orders at historical highs [2][4][6]. - Global aviation market demand continues to grow, with the global passenger load factor reaching a new high for the year. The global air passenger volume is on the rise, with all regions showing growth in revenue passenger kilometers (RPK). The Latin America region leads with a 7.2% year-on-year increase, followed by Asia-Pacific and the Middle East with increases of 5.5% and 5.4%, respectively. International routes are performing strongly, particularly in the Asia-Pacific and Latin America regions [2][13][17]. - Overall, while aircraft manufacturers' capacity is recovering, it still struggles to meet the ongoing expansion in aircraft demand. Aircraft leasing companies are seeing high demand for orders, with limited available slots in the coming two years. The Asia-Pacific aviation market has significant growth potential, providing broader development space for Chinese aircraft leasing companies. Compared to global leasing leader AerCap, Chinese leasing companies are currently undervalued and have higher order elasticity, making them worthy of attention [2][6][38]. Summary by Sections 1. Aircraft Supply Continues to Tighten - Boeing's average monthly delivery has significantly improved compared to last year, while Airbus's monthly delivery is slightly below last year's level. As of the end of July 2025, Boeing delivered 328 aircraft and Airbus delivered 373 aircraft, with average monthly deliveries of approximately 47 and 53 aircraft, respectively [5]. - The backlog of aircraft orders remains at historical highs, with Boeing and Airbus accumulating new orders of 699 and 501 aircraft, respectively, this year. As of July 2025, the total backlog was 15,262 aircraft [6]. 2. Civil Aviation Passenger Demand Update - Global air passenger volume (RPK) increased by 4.0% year-on-year in July 2025, with global capacity (ASK) increasing by 4.4%. The global passenger load factor reached 85.5% [13][17]. - All regions experienced growth in air passenger volume, with the domestic market in China showing steady performance, with a year-on-year increase of 3.8% in passenger volume [23][24]. 3. Aircraft Leasing Company Dynamics - The average remaining lease term for China’s leasing companies is relatively long, with China Aircraft Leasing Company showing significant improvement in fleet age to 6.3 years. The average remaining lease term for China’s leasing companies is 7.9 years, ensuring long-term stability for their contracts [38][43]. - Aircraft rental prices are rising, leading to improved rental yield for leasing companies. China’s leasing companies maintain rental yields above 10%, with financing costs relatively low for China’s leasing companies at 4.5% [44].

Group 1 - European aerospace groups Leonardo, Thales, and Airbus are expected to sign an initial agreement to combine their satellite businesses as early as this year [1]