Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.
Before joining Aviation Week in 2006 he was a macroeconomics, politics and aerospace journalist with Reuters. Perrett holds a bachelor’s degree in law from Macquarie University, Sydney. He left Aviation Week in 2020.
Bank of China’s aircraft lessor, BOC Aviation, will borrow about $1 billion this year to take advantage of an expected surge in sale-and-leaseback business. The Singapore-based company still has a $1 billion line of credit on tap from its parent after buying and leasing back two Air Canada 777-300ERs, says CEO Robert Martin. “We can easily finance another 20 aircraft this year, a mix of narrowbodies and widebodies,” Martin tells The DAILY.
Japan Airlines has posted its first annual profit in three years, saying its bottom line for the year to March 31 was in the black by a scant JPY16.9 billion (US$164 million) after tax, compared with a loss of JPY16.3 billion a year earlier. Operating profit was JPY90.0 billion, only 4.0% of the year’s revenue, JPY2,230.4 billion. The revenue figure was 3.1% on a year earlier, mostly because a former subsidiary was no longer consolidated in the group’s accounts.
Freight carrier Heavylift has bought Ozjet, an Australian specialist airline that operates four Boeing 737s on charter and scheduled services. Ozjet tried to fly as an all-business airline in 2005, targeting the extremely busy route between Melbourne and Sydney.
