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Old July 13th, 2005, 01:21 PM   #481
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Business Times - 13 Jul 2005

FedEx to build Asia's largest air cargo hub in Guangzhou


HONG KONG - FedEx said on Wednesday it will close its Asian hub in Subic Bay, Philippines, replacing it with a new US$150 million hub in Guangzhou, southern China.

It wasn't immediately clear how many jobs will be eliminated. The Subic Bay facility will close by the end of 2008, by which time the Guangzhou operation will be in service, according to FedEx Corp, the world's largest cargo airline.

The new hub at Guangzhou's Baiyun International Airport will better serve clients doing business in China's fast-growing market, FedEx said in a statement. The company predicts that air freight from China to the US will grow an average of 9.6 per cent a year over the next 20 years.

'We do not need two Asia-Pacific hubs ... As markets change, growth patterns change, you have to go where your customers go,' FedEx Chief Executive Frederick Smith said at a news conference in Guangzhou.

Mr Smith said the runway at Subic Bay, a former US naval base, cannot be expanded and cannot accommodate new cargo jets. Last year, FedEx had extended its Subic Bay lease to 2010.

The 63-hectare site will contain floor space of 82,000 square metres and offer a handling capacity of 24,000 packages an hour, the company said.

The facility, which has a target opening date of December 2008, will hire 1,200 people initially.

Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.
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Old July 13th, 2005, 04:20 PM   #482
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China Shandong Air Sees Sharp Drop In 1H Net On Fuel Cost
12 July 2005

SHANGHAI (Dow Jones)--China's Shandong Airlines Co. (200152.SZ) said Tuesday it expects its first-half net profit to be down sharply from the year-earlier period because of higher jet fuel prices.

The carrier posted a net profit of CNY26.0 million in the first half of 2004.

Shandong Airlines, which is based in the eastern province of Shandong, reported a 2004 net profit of CNY41.2 million, up from CNY26.5 million in 2003. Its core revenue increased to CNY2.23 billion last year, from CNY1.72 billion.

(Amanda Cotterman contributed to this story.)
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Old July 17th, 2005, 01:50 AM   #483
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China's low-budget Spring Airlines set for maiden voyage

SHANGHAI, July 13 (AFP) - Spring Airlines, a privately-owned carrier aiming to tap China's budget-travel dollar, said Wednesday it was set for its maiden flight after taking delivery of its first aeroplane.

The no-frills airline will take to the skies with its new Airbus 320, flying from Shanghai to the seaside town of Yantai in the eastern province of Shandong on July 18, it said in a statement.

Shanghai-based Spring, owned by one of China's largest travel agencies, said it would add more holiday destinations as soon as it wins the regulatory nod and receives over the coming months two more A320s.

China's first private airline, Okay Airways, formerly Shenzhen Airlines, took off on its maiden flight in March.

The number of private carriers has increased following the government's decision to open the market for niche players in areas such cargo and charter services.

Four others -- Aukai Airlines, Western Airlines, United Eagle Airlines and Eastern Express -- are aiming to fly this year.
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Old July 18th, 2005, 03:44 AM   #484
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Chinese airlines in the red for fuel price surge
14 July 2005
Xinhua's China Economic Information Service

BEIJING, July 14 (CEIS) – China’s civil aviation industry netted a small profit of 1.3 billion yuan on a total main operating turnover of 70.72 billion yuan in the first five months of 2005, according to the Civil Aviation Administration of China (CAAC), the watchdog for the aviation industry.

However, airline companies were in the red across the board mainly for fuel price surge. Their losses in the five months amounted to 340 million yuan on combined main operating turnover of 50.31 billion yuan. Only the CATIC Group, Hainan Airlines (Shanghai-listed, 600221), Shenzhen Airlines, Shanghai Airlines and China Postal Airlines reported profits, which also posted slide in profitability.

In the Jan-May period, the civil aviation industry realized a total transportation turnover of 9.8 billion tons per kilometer and transported passengers of 51.724 million, rising by 10.9 percent and 10.8 percent year-on-year respectively, according to Yang Yuanyuan, director general of the CAAC.

In comparison, international air routes and routes to Hong Kong and Macao saw relatively faster growth in transportation volume, posting a year on year rise of 13.8 percent for freight turnover and 24.4 percent for passenger transport.

Yang said that high oil price was the main factor to cause the loss of airlines. Because of the oil price rise, costs of air companies increased by 3.54 billion yuan in the Jan-May period.

Besides, excessive expansion of carriers also aggravated the loss, according to Wei Fang, an analyst of the First Chuangye Securities Co. , Ltd. In 2004, domestic air companies purchased 146 airplanes. Over 40 planes had been put to service by the first half of 2005, which affected profitability of air companies to some extent.

Wei said that cargo service has outgrown passenger transportation in recent years. From 1995 to 2004, cargo and mail throughput of domestic airports increased from 1.314 million tons to 5.526 million tons, with average annual growth surpassing 28 percent.

CAAC is to encourage airports to provide cargo service with favorable policies regarding flight schedules and airport charge, said Li Jun, vice director general of the CAAC. Li also said that CAAC is to encourage more foreign investors and nongovernmental enterprises to invest in the service.
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Old July 20th, 2005, 05:43 PM   #485
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Agency slams door on Air Canada cargo plan
Battle with Cargojet: Denies route bid, launches inquiry into operations

Chris Sorensen
20 July 2005
National Post

Air Canada's cargo unit has suffered an embarrassing setback after federal regulators turned down its request to fly all-cargo freighters between Toronto, Calgary and Shanghai, and launched an inquiry into the airline's existing cargo operations.

Transport Canada said yesterday it will not approve Air Canada's application to add a controversial Calgary stop to its Toronto-Shanghai service -- the latest development in what is shaping up to be a nasty battle between Air Canada Cargo and rival Cargojet Income Fund.

"We did decide that, in this case, the interest of the Canadian public wouldn't be served," said Lucie Vignola, a Transport Canada spokeswoman.

One of the loudest critics of Air Canada's plan was Cargojet, which said Air Canada's decision to add a Calgary stop to original application to serve Toronto and Shanghai was an attempt to "scoop the cream" from a profitable route. Cargojet, which was previously under contract to fly cargo between Toronto and Calgary for Air Canada, also argued Air Canada's use of leased U.S. aircraft and crews on the domestic leg of the route was unfair and threatened to open the door to U.S. competitors.

"We are just asking for a level playing field," said Ajay Virmani, chief executive of Cargojet Income Fund. "[Air Canada] tried to use a back-door approach instead of being upfront."

Laura Cooke, an Air Canada spokeswoman, said the airline was "surprised and disappointed" by the agency's decision, but added the airline's Toronto-Shanghai service will continue without the Calgary stop.

Cargojet and Air Canada are increasingly locking horns as Air Canada Cargo, a division of ACE Aviation Holdings Inc., tries to get back into the dedicated air cargo market it abandoned in the 1990s, and Cargojet, which rose from the ashes of Canada 3000's bankruptcy, attempts to protect the sizable market share it has built in just a few years.

Cargojet, a domestic-only carrier with scheduled overnight service to 13 Canadian cities, said Air Canada is not playing by the rules. It complained to the Canadian Transportation Agency (CTA) that Air Canada ran domestic cargo routes on its leased U.S. freighters without a proper licence during the past year.

The CTA responded by launching an inquiry. According to a letter sent by the CTA to both parties, Air Canada initially denied Cargojet's allegations in a sworn affidavit, but later admitted it did solicit business for a Toronto-Vancouver route on one of the leased planes in question.

In its letter, the CTA said it was "deeply concerned" about Air Canada's failure to file a full and accurate affidavit in response to the allegations raised by Cargojet. "Air Canada either failed to conduct a diligent enquiry ... or it failed, upon discovery of these irregularities, to amend its affidavit accordingly."

Air Canada's Ms. Cooke said the airline had no comment on the inquiry, other than to say the airline planned to co-operate fully.

Mr. Virmani said he is not trying to thwart Air Canada's cargo aspirations, even though Cargojet is in the midst of hammering out a strategic partnership with the Calgary Airport Authority that would see Cargojet provide the city with an air cargo link to China.

Caught in the middle of the spat is the Calgary airport, which is trying to raise its profile as an international cargo and logistics hub.

"We need that [China] service," said Stephan Poirier, the director of cargo and logistics for the airport. He said the airport is not taking sides in the dispute, but that it is eager to have a Canadian cargo carrier fly between Calgary and the huge Chinese market.

"It's disappointing that Air Canada can't do it today. But that's the way it goes. There's not much we can do about it."
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Old July 21st, 2005, 08:29 PM   #486
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Thursday July 21, 11:24 PM
Air China buys 20 Airbus A330s as it aggressively boosts fleet

BEIJING (AFP) - Air China signed a contract with European aircraft maker Airbus for 20 A330 jets worth 3.1 billion dollars as it aggressively boosts its fleet to meet soaring demand for air travel.

Spanish Prime Minister Jose Luis Rodriguez Zapatero and his Chinese counterpart Wen Jiabao witnessed the deal's inking during their meeting in Beijing, a Spanish embassy official told AFP.

"China and Airbus signed a contract for the purchase of 20 A330 Airbus planes. The deal is worth 3.1 billion dollars," the official said Thursday.

Air China said it would take delivery of the jets from May 2006.

"These 20 A330-200 aircraft will help us expand our fleet and open new international routes," said airline president Li Jiaxiang.

"A330-200 will also further strengthen our reliability, punctuality and efficiency, and improve our competitiveness in the global market."

Air China currently has no A330s in its fleet.

An Airbus spokesman said the deal was entirely new and not a previously agreed but unsigned contract.

A separate deal was signed between Airbus and Harbin Industrial Aviation for the supply of components for the A320, the Spanish official added.

The A330 is a twin-engine regional and medium-haul airliner capable of carrying up to 311 passengers.

The deal comes despite most Chinese airlines forecasting losses in their first-half earnings as rising fuel prices eat into profits.

China though needs more planes to meet demand, with 121 million passengers carried last year, a 16 percent rise from the previous year and twice as fast as the world average, Chinese statistics show.

It has made China one of the world's three major aviation markets after the United States and Europe.

In the next two decades, Airbus has said it sees potential sales to China of some 1,600 aircraft. Arch rival Boeing, which currently has a 62 percent market share, predicts more than 2,000.

For Boeing and Airbus it is a bonanza, with the US manufacturer earlier this year estimating that Chinese airlines will need to spend more than 180 billion dollars to meet these targets.

China has proved a big spender in recent years and is expected to sharply increase aircraft orders to cope with anticipated booming tourist traffic in the lead-up to the 2008 Olympics.

Only three months ago, Airbus, 80-percent owned by aerospace conglomerate EADS and the rest by British defence contractor BAE Systems, concluded a deal with China Eastern Airlines and Shenzhen Airlines for 10 A319/A320 planes.

It sold 47 planes to China last year.

US rival Boeing is embroiled in controversy for selling commercial aircraft to China and other countries containing a gyroscopic chip with potential military applications.

US State Department officials said this month Boeing failed to get export licenses for some microchips used in 96 jets which it sold to China and other countries between 2000 and 2003.

Zapatero arrived in Beijing earlier Thursday for a three-day official visit, his first since taking office. In addition to Wen, he is scheduled to hold talks with President Hu Jintao and other leaders.

Apart from the Airbus contract, a number of bilateral agreements on trade, economic and cultural cooperation are expected to be signed during his trip, officials said, without giving details.

"I am sure that in the coming years our bilateral relationship will only continue to deepen and develop further, for the benefit of both our people," Zapatero said in the China Daily.
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Old July 26th, 2005, 07:28 PM   #487
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Fuel Costs Hit China's Airlines --- Hurt by Rules, Most Big Carriers Expect Losses; Yuan Move Helps
By Bruce Stanley
26 July 2005
The Wall Street Journal Europe

Hong Kong -- COSTLIER JET FUEL IS eroding profits at airlines world-wide, but carriers in China -- Asia's fastest-growing aviation market -- are faring worse than most.

Surging jet-fuel prices threaten to wipe out profits for the first half of the year at most of China's publicly traded carriers, with their combined interim losses exceeding 400 million yuan, or about 41 million euros, official state media report. The financial pain intensified over the weekend when Beijing announced its third increase since February in the price that Chinese airlines must pay a state-run monopoly for their domestic fuel supplies.

China's airlines won a partial reprieve with last week's revaluation of the yuan by 2% against the U.S. dollar. Much of the debt these carriers owe is denominated in dollars, and analysts say the strengthened yuan should give them enough of a one-time lift to temporarily offset most of their fuel-related losses.

Still, their poor interim results are coming just as these airlines prepare for a strategic takeoff. The government has moved briskly in the past few years to make state-run carriers stronger and more competitive, but continued losses from high fuel costs could retard the development of a financially stable aviation industry. China needs healthy airlines to attract foreign investment, sustain economic growth in the impoverished hinterlands and cater to the growing number of Chinese traveling overseas.

Cumulative losses could crimp the ability of these companies to invest in new aircraft. Chinese airlines are expanding their fleets rapidly, a trend underscored by an order Thursday from national flag carrier Air China for 20 Airbus A330-220 jetliners, a deal valued at $3.2 billion, or 2.7 billion euros, at list prices. Airbus's Chicago-based rival, Boeing Co., forecasts that China will become the world's second-biggest aviation market after the U.S. during the next two decades.

Yet at least five Chinese airlines expect to post losses for the first six months of the year because of higher fuel costs, the official Xinhua news agency reported last week. Two of the country's largest carriers, China Eastern and China Southern, have issued profit warnings for the first half. The other likely money-losers are Hainan Airlines, Shanghai Airlines and Shandong Airlines, Xinhua reported, citing data from a regulatory agency, the Civil Aviation Administration of China.

Only Air China anticipates making an interim profit. An Air China official confirmed that the company was profitable in the first half but added that earnings were down from the same period in 2004. The official declined to give further details.

Chinese airlines buy the bulk of their fuel from a domestic monopoly, China Aviation Oil Holding Co., at a price set by the government. Beijing boosted this fixed price by 6% Saturday, its third increase of the year, to try to keep pace with the relentless rise in the international market price for jet fuel. The price for jet kerosene traded in Singapore has shot up 38% this year.

China's airlines are burdened by an inability to recoup any of their higher fuel expenses through fuel surcharges on domestic flights. Airlines in other countries commonly apply fuel surcharges, which can contribute up to 5% of an airline's total revenue. Fuel is the biggest operating cost for Chinese carriers, making up almost a third of what they spend, yet China's aviation administration has rebuffed requests from several airlines that they be allowed to follow the global industry practice.

The government also makes it hard for China's airlines to moderate their fuel costs through hedging. Because of government restrictions on domestic transactions in foreign currency, Chinese airlines can hedge the fuel they consume only on overseas routes. They are therefore more vulnerable than many foreign carriers to increases in fuel prices. Air China and China Southern say they have hedged a negligible fraction of their fuel requirements for this year, while China Eastern says it has hedged about 10% of its needs.

Large financing costs associated with aggressive plans to expand fleets are exacerbating the drain on earnings. Compared with their more-conservative overseas peers, mainland China's carriers rely heavily on borrowed funds to pay for new planes and equipment, says Citigroup analyst Kevin Tan. For example, Hong Kong's Cathay Pacific Airways has a debt-to-equity ratio of about 30%, whereas China Eastern estimates its debt-to-equity ratio at 400% and rising.

By year end, one investment-banking analyst predicts, China Southern's debt-to-equity ratio will reach 380% and Air China's 200%.

"A lot of these airlines are equity slivers underneath a mountain of debt," says Damien Horth of investment bank UBS.

In their favor is the airlines' access to credit from state-owned banks and a widely held assumption that the government would never let any of China's biggest carriers go bankrupt.

China's currency revaluation should generate tangible short-term gains for its airlines. Chinese carriers pay in dollars for fuel, aircraft leases and other costs totaling up to 50% of their operating expenses but earn only about 20% of their revenues in dollars. A stronger yuan will save them money on their dollar-denominated expenses. Airlines will also benefit when they convert their dollar debts at the new exchange rate, and payments for new aircraft priced in dollars will shrink, Mr. Horth says.

Citigroup's Mr. Tan agrees that the revaluation will give "a big boost" to China's airlines, though probably not big enough to offset higher fuel expenses during the rest of the year, he says.

Mike Lu of CLSA Asia-Pacific Markets contends that the stronger yuan should help make China Southern and China Eastern marginally profitable for the full year.
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Old July 26th, 2005, 07:29 PM   #488
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Budget airline Spring forced to raise bottom price
26 July 2005
Xinhua's China Economic Information Service

BEIJING, July 26 (CEIS) -- Budget airline Spring has been forced to raise its widely-publicized 199 yuan (25 US dollars) fares less than a week after launching.

Shanghai-based budget carrier Spring Airlines has raised its cheapest fares from Shanghai to Yantai, Nanchang and Mianyang by 100 yuan (12 US dollars), bowing to pressure from other competing airlines, China Daily reported on July 26.

The new 299 yuan (37 US dollars) ticket price, however, includes one night's hotel accommodation.

Backed by heavy advertising and news coverage, Spring's maiden flight from Shanghai to Yantai took off on July 18. The company offered a 25-percent discount from an already low fare, massively undercutting the current average ticket price of 800 yuan (99 US dollars) charged by other carriers on the same route.

The discount fare quickly drew concern of other airlines and the General Administration of Civil Aviation of China put pressure on Spring to raise prices.

Li Weimin, a Spring spokesman, admitted the pressure from other companies resulted in the price hike. "We raised the price in line with CAAC's No. 18 regulation. The other companies' requirement was another reason. Both led to raising the price," he was quoted as saying by China Daily.

CAAC regulations limit discounts to 45 percent of standard prices.

Spring cut costs by serving no meals or snacks on the flight.

Despite the price hike, officials from Spring said they will continue to work to attract passengers and encourage people to book flights online.

Meanwhile, officials from other airline companies said the 199 yuan (25 US dollars) deal had achieved its purpose of attracting publicity in the run up to the company's launch.
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Old July 28th, 2005, 06:51 PM   #489
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Airlines in China Allowed to Levy Additional Fees Soon

BEIJING, July 28 Asia Pulse - Passengers who take domestic flights in China will soon pay either 20 yuan (US$2.46) or 40 yuan (US$4.93) more when buying tickets as local carriers have been authorized to levy additional fees for jet fuel starting on Aug 1.

The decision, jointly made by the National Development and Reform Commission and the General Administration of Civil Aviation of China (CAAC) on Tuesday, aims to help local airlines deal with the cost pressure brought by soaring jet fuel prices, International Finance News reported on Wednesday.

Passengers who travel less than 800 km will pay an additional 20 yuan when buying tickets, and those who travel longer than 800 km will pay additional 40 yuan.

The decision is not applicable to domestic flights to Hong Kong and Macao, as the airlines were already authorized to levy additional fees on jet fuel on the air routes to Hong Kong and Macao last month.

"This is good news to the airlines," said a source with the Shanghai Airlines.

An industry insider estimates that China Southern Airlines' profit can increase by approximately 600 million yuan this year due to the decision, and that of China Eastern Airlines, 350 million yuan, and that of Shanghai Airlines, 90 million yuan.

However, it is hard to predict whether the major airlines can wipe out their economic losses, or even report profit this year as jet fuel prices rose by 1,030 yuan per ton this year.

The National Development and Reform Commission raised the price of jet fuels by 430 yuan, 300 yuan and 300 yuan respectively on March 15, June 25 and July 23 this year from original 4,190 yuan per ton.

However, due to the high oil prices on the international market,China's major airlines reported dropping profits and losses estimated at 400 million yuan (US$48.37 million) in the first half of this year.

The airlines blamed their declining profits on the rising cost of fuel, which rose nearly by 800 yuan (US$97) per ton to reach 4, 920 yuan per ton.

Sources from the China Eastern Airlines said that currently jet fuel accounts for up to nearly 40 percent of the carrier's overall operating expenses.

It was reported that jet fuel made up 30 percent of the national carrier, Air China's, overall operating expenses last year.

(XIC)
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Old July 28th, 2005, 07:03 PM   #490
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Chinese airlines authorised to hire foreign pilots for the first time

BEIJING, July 28 (AFP) - Chinese airlines will soon be able to hire foreign pilots for the first time as they struggle to deal with a shortage of qualified flyers in a booming aviation industry, state media reported Thursday.

The General Administration of Civil Aviation said it will soon implement a policy to allow the recruitment of pilots from abroad, tge China Daily reported, without giving a timeframe.

"Overseas pilots will be able to be employed by Chinese carriers after obtaining flight licences in China," Rao Shaowu, director of the aviation administration's flight standard department, was quoted as saying.

China's commercial aviation industry, formerly a state monopoly, is growing faster than the country can train pilots, the report said.

The demand for pilots is likely to continue to grow as domestic carriers expand their fleets. Around 145 new aircraft will be delivered to China this year.

Aviation experts said China has needed between 1,200 and 1,600 new pilots every year since 2000, more than double the 600 pilots that Chinese aviation training schools manage to train yearly, the report said.

The chronic shortage means some airlines are already flouting government regulations by using overseas pilots.

But although foreign pilots working in China are paid nearly twice as much as Chinese pilots, their salaries are still well below international standards, meaning only young and less experienced flyers will be attracted.

China's first private carrier Okay Airways pays foreign pilots just 20,000 yuan (2,415 dollars) a month.

The overseas pilots it has hired so far are all aged between 25 and 30 and most could not find work in their home countries, the report said.
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Old July 29th, 2005, 06:29 PM   #491
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Report: Chinese airlines to buy 50 Boeing jetliners in $6 billion deal
29 July 2005

BEIJING (AP) - China plans to sign a deal next month to buy 50 Boeing 787 Dreamliner jetliners in a deal worth $6 billion, the official Xinhua News Agency reported Friday.

The first planes would be delivered in June 2008 before the Summer Olympics in Beijing, Xinhua said, citing the State Development and Reform Commission, an agency of the Chinese Cabinet.

Airlines involved in the deal are the national flag carrier Air China, Shanghai-based China Eastern Airlines, Hainan Airlines, Xiamen Airlines and Shanghai Airlines, the report said.

The 787 is under development, with its first commercial flights scheduled in 2008.

China has announced a series of major purchases in recent years from Chicago-based Boeing Co. and its European rival, Airbus, to serve its booming airline industry.

Many aircraft makers view China as their most promising market.
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Old July 29th, 2005, 06:35 PM   #492
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China Eastern to issue 2 bln yuan debt soon

SHANGHAI, July 29 (Reuters) - China Eastern Airlines Corp. Ltd. will soon issue 2 billion yuan ($246.6 million) in short term debt on the domestic interbank bond market, industry sources said.

Shanghai-based China Eastern will issue 1 billion yuan in one-year debt and the rest in nine-month debt, he said.

The source did not say what the airline would use the cash for, but it has recently embarked on a new wave of aircraft purchases. In May, China's central bank gave the nod for qualified companies to sell short-term debt to institutional investors on the country's interbank bond market as a wider channel for local enterprises to improve their finances.

At present, five local companies including Huaneng Power International , China's largest Hong Kong-listed power producer, have collectively issued nearly 11 billion yuan in short term debt. ($1=8.108 Yuan)
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Old July 30th, 2005, 07:07 AM   #493
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China calls for investment in airlines, airports

SHANGHAI, July 29 (Reuters) - China on Friday urged the country's investors to buy into domestic airlines and airports, trying to boost inflows of much-needed capital as its fragmented aviation sector consolidates.

Beijing would keep its stakes in its three largest carriers, but private investors would be encouraged to buy into smaller airlines or the country's troubled airports, the General Administration of Civil Aviation of China said in a statement on its Web site ( http://www.caac.gov.cn).

China has over 130 airports, most of them loss-making because of insufficient air traffic demand, especially in the inland provinces. It also has a raft of smaller regional carriers, including Hainan Airlines Co. Ltd. , in which global financier George Soros has invested.

The industry regulator's statement did not specify if foreign investors would be welcomed, but a number of European companies have been negotiating to buy slices of Chinese airports.

China's aviation sector has been undergoing a consolidation in recent years, forming groups headed by the country's top three carriers -- Air China , China Eastern Airlines Co. Ltd, and China Southern Airlines .
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Old July 30th, 2005, 07:07 PM   #494
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HK PRESS: Swire Pulls Out Of Qingdao Airport Talks
29 July 2005

HONG KONG (Dow Jones)--Conglomerate Swire Pacific Ltd. (0019.HK) has pulled out of talks to invest in the expansion of Qingdao's airport, reports The Standard, quoting an unnamed source.

A 50-50 joint venture of Swire Pacific and China Eastern Airlines Corp. (CEA) had been discussing a US$30 million investment in the US$250 million second-phase expansion of the Qingdao Liuting airport in China's Shandong province, the report says. The airport remains in talks with other potential foreign investors, the paper says.

Swire Pacific is a shareholder in Hong Kong Dragon Airlines Ltd., better known as Dragonair, and in Hong Kong Air Cargo Terminals Ltd., which handles cargo operations at Hong Kong's airport.
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Old July 30th, 2005, 07:35 PM   #495
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Quote:
Originally Posted by zergcerebrates
HK's airport is just world class. Never get tired looking at it.
It's more than just that, it sets the world's standards. BTW, it is also the world's best airport. And I can attest to its greatness as I have used on numerous occasions, it's a pleasure to transit there.
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Old July 31st, 2005, 07:55 PM   #496
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Sunday July 31, 2:55 PM
China seeks more foreign funds for its booming aviation industry

BEIJING, (AFP) - China has further opened up its tightly controlled aviation sector to foreign investment in hopes of winning more funding amid booming demand for air travel, state press said.

"China opened the civil aviation sector to foreign investors in 2002, and now it is time to further open it," the Xinhua news agency quoted Yuan Yaohui, a director in the General Administration of Civil Aviation of China.

Yuan said China was seeking private capital to join in areas such as cargo, airport construction, jet fuel sales and storage, airplane maintenance, catering and computer-based air-ticketing systems.

But as is so often the case in many Chinese industries, the government was also unwilling to allow foreign control of several of the sectors.

Investors cannot, for example, take majority stakes in the country's three largest airlines, Air China, China Eastern Airlines and China Southern Airlines.

Neither can private investors take dominant stakes in major domestic airports or air traffic control systems.

The new regulation will take August 15, the report said.
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Old August 1st, 2005, 09:12 AM   #497
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Guagzhou New Baiyun International Airport Expansion

Guys, can anyone post a render of the expansion masterplan for the New Baiyun International Airport in Guangzhou. I heard it has been revised. Thanks lot.
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Old August 1st, 2005, 05:47 PM   #498
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Quote:
Originally Posted by gakei

i love this airport. it's the best in his class!
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Old August 1st, 2005, 05:48 PM   #499
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and the roof is amazing!
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Old August 2nd, 2005, 01:00 PM   #500
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China's airports look modern. Anyway, does anyone here have images of the new airport in Macau?
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