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Old September 18th, 2005, 05:23 PM   #541
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18 September 2005

China Eastern Airlines demands end to fuel supply monopoly

BEIJING: China Eastern Airlines, one of the country's top three carriers, has called for an end to the monopoly of fuel supply in the domestic market, which has sent its profits diving, state media said.

"The fuel monopoly system must be broken to let airlines have the freedom to choose where to buy," said Li Fenghua, president of China Eastern Airlines Group Company, in a report on the China Daily's website.

China Aviation Oil Holding Company (CAOHC) holds a near-monopoly on China's jet fuel market, limiting the choice for airlines such as China Eastern, which purchases 70 percent of its fuel from the domestic market.

Luo Zhuping, secretary of the China Eastern Airlines Co Ltd, said rises in fuel prices cost the company an extra 884 million yuan (109 million dollars) in the first half of the year.

"Without the price hike, we would have made profits, because we earned a revenue of 400 million yuan from the appreciation of the renminbi," he said.

China Eastern reported a net loss in the first half year of 471 million yuan (58.1 million US), compared with a 346 million dollar profit a year earlier.

According to China Daily, airlines spent more than 3.3 billion yuan on fuel in the first half of the year, up 44.19 percent over the same period last year.

"The fuel market, which is monopolized by one company, has put Chinese airlines in an unfavourable position to compete with their overseas counterparts," said Li.

"The situation must be changed. A big country like China should have several companies to supply fuel and airlines should have the freedom to choose."

Li suggested that China establish a fuel futures market as soon as possible to commercialize the domestic fuel market.

According to previous state media reports, the central government is researching ways to reform the fuel-supply system.

Last month, the China Daily said China National Petroleum Corp (CNPC) and China Petroleum and Chemical Corp would team up with CAOHC to establish a company to introduce more competition into the market.

According to the report, CAOHC would take 51 percent of the new joint venture, CNPC will own 21 percent, and Sinopec Corp will control the remaining 29 percent.- AFP/ir

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Old September 18th, 2005, 11:03 PM   #542
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Jade Cargo on course for take-off after Boeing deal
Russell Barling
17 September 2005
South China Morning Post

Shenzhen-based start-up Jade Cargo International is to start operations by the third quarter of next year after agreeing yesterday to spend more than US$1 billion on long-range freighter aircraft from Boeing.

The all-cargo airline, a joint venture between Shenzhen Airlines, Lufthansa Cargo and German investment bank DEG, placed orders for six B747-400ER freighters, which Boeing lists at US$236 million each before discounts.

"We plan to launch operations in mid-2006. Our network will encompass intra-Asian, European and American destinations," general manager Rudolf Tewes said.

"China is a key manufacturing centre for the world, producing high-value goods that are good candidates for air shipment."

It will be at least the third incarnation of Jade Cargo since its launch in November last year. The carrier had originally planned to use six smaller A300 freighters and then toyed with the idea of using mid-sized MD11 freighters, before delaying launches originally scheduled for just after Lunar New Year and in April.

The market was left wondering if Jade Cargo would ever take wing in May when two little-known mainland companies outbid minority shareholder Air China for control of Shenzhen Airlines, its majority owner.

According to deputy general manager marketing David Keary, the change of ownership had "no influence". But it did have to return to the drawing board when the mainland authorities vetoed a launch with leased aircraft.

"Legislative changes caused change to our plans," Mr Keary said. "But that had no effect on our long-term strategy to operate wide bodied aircraft to and from destinations in Asia, Europe and the US."

The authorities at Shenzhen Baoan International Airport (SBIA) will be relieved at the boost to thinning foreign traffic after learning last month that Federal Express was leaving for Guangzhou.

Yet Hong Kong may view the development with concern.

Half of the three million tonnes of air cargo handled in Hong Kong last year originated from or was destined for Shenzhen, according to a report commissioned by SBIA.

About 95 per cent of south China's air cargo transits in Hong Kong. But, according to a recent study commissioned by the Hong Kong Airport Authority, that proportion will slip to 80 per cent by 2010 and just 47 per cent by 2020.

The new B747-400 freighters have the range to fly direct from Shenzhen to northern Europe with a full load of 110 tonnes.

"I don't think there is a requirement [to fly to Hong Kong]," Mr Keary said in November last year.

"If you look at where it comes from, most of the airfreight that departs Hong Kong comes from [the Pearl River Delta]. So there is no need to truck it to Hong Kong and pick it up from there."
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Old September 18th, 2005, 11:09 PM   #543
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Jade Cargo on course for take-off after Boeing deal
Russell Barling
17 September 2005
South China Morning Post

Shenzhen-based start-up Jade Cargo International is to start operations by the third quarter of next year after agreeing yesterday to spend more than US$1 billion on long-range freighter aircraft from Boeing.

The all-cargo airline, a joint venture between Shenzhen Airlines, Lufthansa Cargo and German investment bank DEG, placed orders for six B747-400ER freighters, which Boeing lists at US$236 million each before discounts.

"We plan to launch operations in mid-2006. Our network will encompass intra-Asian, European and American destinations," general manager Rudolf Tewes said.

"China is a key manufacturing centre for the world, producing high-value goods that are good candidates for air shipment."

It will be at least the third incarnation of Jade Cargo since its launch in November last year. The carrier had originally planned to use six smaller A300 freighters and then toyed with the idea of using mid-sized MD11 freighters, before delaying launches originally scheduled for just after Lunar New Year and in April.

The market was left wondering if Jade Cargo would ever take wing in May when two little-known mainland companies outbid minority shareholder Air China for control of Shenzhen Airlines, its majority owner.

According to deputy general manager marketing David Keary, the change of ownership had "no influence". But it did have to return to the drawing board when the mainland authorities vetoed a launch with leased aircraft.

"Legislative changes caused change to our plans," Mr Keary said. "But that had no effect on our long-term strategy to operate wide bodied aircraft to and from destinations in Asia, Europe and the US."

The authorities at Shenzhen Baoan International Airport (SBIA) will be relieved at the boost to thinning foreign traffic after learning last month that Federal Express was leaving for Guangzhou.

Yet Hong Kong may view the development with concern.

Half of the three million tonnes of air cargo handled in Hong Kong last year originated from or was destined for Shenzhen, according to a report commissioned by SBIA.

About 95 per cent of south China's air cargo transits in Hong Kong. But, according to a recent study commissioned by the Hong Kong Airport Authority, that proportion will slip to 80 per cent by 2010 and just 47 per cent by 2020.

The new B747-400 freighters have the range to fly direct from Shenzhen to northern Europe with a full load of 110 tonnes.

"I don't think there is a requirement [to fly to Hong Kong]," Mr Keary said in November last year.

"If you look at where it comes from, most of the airfreight that departs Hong Kong comes from [the Pearl River Delta]. So there is no need to truck it to Hong Kong and pick it up from there."
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Old September 19th, 2005, 11:08 PM   #544
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China's Hainan Air to buy 8 Boeing 787s - Xinhua

BEIJING, Sept 19 (Reuters) - China's Hainan Airlines signed a contract on Monday to buy eight Boeing 787 aircraft, the country's official Xinhua news agency said.
Hainan Airlines, China's fourth-largest carrier, will receive the first of the planes before 2008, the report said, without giving any further details.

In August, four Chinese airlines -- Air China, China Eastern, Shanghai Airlines and Xiamen Airlines -- signed contracts to buy 42 787s in a deal priced at $5 billion.
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Old September 24th, 2005, 03:24 AM   #545
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Air China to open 7 int'l air routes in Xi'an
22 September 2005
China Daily

Air China will open seven international routes on September 28 from Xi'an, capital of Northwest China's Shaanxi Province, to seven cities in Europe and North America.

The seven international flights will all start from Xi'an, stop over in Beijing and then fly to Frankfurt, London, Paris, New York, San Francisco, Los Angeles and Vancouver, according to Li Jiaxiang, president of Air China.

"Passengers to these foreign cities can go through exit and entry procedures and baggage consigning at Xianyang International Airport, and they need not to take their baggage by themselves when they change planes in Beijing," Li said on Tuesday in Xi'an.

Li said the opening of the new air routes will further enhance Xi'an as a key aviation port in Northwest China. Moreover, Li said the operation of these air routes will lay the foundation for direct flights from Xi'an to these foreign cities in the future.

With the central government's implementation of preferential policies to encourage investment and development in China's western regions, Xi'an is playing a more important role as a transport hub in Northwest China. More and more foreign tourists, businessmen and investors flock to Xi'an for sightseeing and economic opportunities, the mayor said.

"However, as an inland city, Xi'an had only 10 international routes linking Japan, the Republic of Korea and Southeast Asia as well as China's Hong Kong and Macao," Sun said.

To some extent, this situation has limited the city's leading role in western regions and has affected Xi'an's investment environment, the mayor said.
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Old September 25th, 2005, 11:19 AM   #546
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British Airways Bolsters Its China Operation

SHANGHAI, Sept 23 Asia Pulse - British Airways has developed rapidly its cargo transportation in China since it opened its first freight route to China in September 2004.

Besides Hong Kong, the British Airways also opened two cargo air routes from Shanghai to London and from Beijing to London.

At present, the number of weekly flights on the Shanghai-London routes has increased from two in September 2004 to seven and the weekly load has exceeded 300 tons; there are six flights on the Beijing-London route a week, with a total load of 80 tons.

But its advance has been hampered by the cargo source problem. Often, a flight takes off from Shanghai, fully loaded, but when it returns from London, the load is not adequate.

British Airways is one of the worlds top ten airlines, handling nine million tons of cargo, mail and EMS for more than 200 cities in nearly 80 countries and regions.
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Old September 27th, 2005, 11:36 PM   #547
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Quote:
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Old October 5th, 2005, 07:30 AM   #548
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Old October 10th, 2005, 12:49 PM   #549
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10 October 2005 1709 hrs

Air China to invest heavily in Beijing, focus on key routes

BEIJING : Air China plans to invest more than 3.5 billion yuan (431 million dollars) in its Beijing hub over the next two years as it looks to key markets for future growth, the company's president said.

Ma Xulun said Monday the airline also wants to develop Shanghai into a cargo centre and an international passenger gateway, while expanding its regional hub in Chengdu in the southwestern province of Sichuan.

He added that China's aviation industry was likely to maintain rapid growth over the next three to five years and Air China was well positioned to take advantage.

"We expect 12 percent to 15 percent annual growth in China's aviation industry over the next three to five years. Beyond 2010 the market will slow but still show growth," he told financial news wire XFN in an interview.

Air China has a fleet of 160 aircraft, 97 of which are based at Beijing International Airport.

"Our top target is the Beijing hub, where we are trying to realize the synergy of our international and domestic flight network," Ma said.

"The plan is to get the Beijing hub in shape within three years ... it will reach full maturity in five years' time," he added.

A new international terminal is currently under construction in preparation for the 2008 Beijing Olympics and there are also plans to build a third runway.

Air China's investment at Beijing airport will include the development of cargo operations, engineering and maintenance programs, together with catering and IT services, Ma said.

It cargo operations, through its 51 percent stake in Air China Cargo, accounted for 9.9 percent of the group's total revenue of 16.94 billion yuan in the first half of this year.

The national flag carrier recently invested 300 million yuan in a site in Shanghai as part of its plans to enhance cargo operations there and develop it as an international passenger gateway, Ma said.

The regional hub of Chengdu is also a key location and the company is looking to increase its market share there to 50 percent from its current 40 percent in two to three years.

Air China currently operates international flights to North America and Europe from Chengdu through Beijing but may soon open direct flights.

"In the future, if the market grows and we have capacity, we will open direct services," Ma said.

The development of the airport hubs will broaden Air China's international business, which accounts for 49 percent of the international operations of all of China's air carriers combined.

"Internationally we will increase capacity mainly for the European market," he said.

"We will also focus on Japan and South Korea and put more capacity there, and increase the route network between China and North America. We are also taking steady steps in the southeast Asia market," he said.

Over the next three years, Air China plans to introduce 25 to 30 new aircraft annually and has already ordered 20 Airbus A330s and 15 Boeing 787s.
- AFP /ls

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Old October 12th, 2005, 03:54 AM   #550
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Taiwan's Yang Ming: To Up Stake In Yangtze River To 12%
10 October 2005

TAIPEI (Dow Jones)--Taiwan's Yang Ming Marine Transport Corp. (2609.TW) plans to double its stake in Chinese air cargo carrier Yangtze River Express Airlines Co. to 12% from 6%, the company said Tuesday.

Yang Ming will inject CNY75 million into the Chinese company to increase its stake, taking its total investment in Yangtze River to CNY150 million, the Taiwanese shipping firm said in a statement to the Taiwan Stock Exchange. [ 11-10-05 0332GMT ]

Yangtze River, a wholly owned unit of China's Hainan Airlines Group, declined to comment on the development Tuesday.

Originally Yang Ming and Wan Hai Lines Ltd. (2615.TW) each planned to buy a 6% stake in Yangtze River, Taiwan's China Airlines Ltd. (2610.TW) planned to acquire a 25% stake, while local media reported Luxembourg's Cargolux Airlines International S.A. (CLUX.YY) was planning to buy 12%.

But Cargolux has had to pull out of its planned purchase, said Winsor Huang, a senior consultant at Yang Ming's president's office.

"We hope to finalize the deal by the end of October, but Cargolux is unable to meet the schedule, so China Airlines asked us and Wan Hai to increase our stake," said Gary Soang, Yang Ming's vice president for finance.

Cargolux Airlines' director of communications, Marc Schonckert, wasn't immediately available for comment.

Johnson Sun, spokesman for lead investor China Airlines, declined to confirm whether China Airlines asked Yang Ming or Wan Hai to increase their stakes and wouldn't comment further.

Wan Hai Senior Vice President Jason Lee said the company hasn't had any discussions on raising its planned stake in Yangtze River Express.
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Old October 17th, 2005, 05:29 PM   #551
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China HNA Group: To Get $25M Investment From Soros
17 October 2005

SHANGHAI (Dow Jones)--HNA Group, one of China's four airline conglomerates, confirmed Monday it will receive a $25 million investment from American Aviation Ltd., which is backed by U.S. financier George Soros.

"The investment reflects Soros' confidence in HNA Group's prospects and gives capital support to our future development," an official in HNA Group's news department said. He declined to be named.

According to an agreement signed by HNA Group and American Aviation during the weekend, American Aviation will invest the funds in a planned airline unit of HNA Group, whose Chinese name is Xinhua Hangkong Konggu Gongsi, the Shanghai Securities News reported Monday.

The official English name of the unit is Grand China Air, the official said.

HNA Group plans to introduce other foreign and domestic strategic investors to set up Grand China Air, he said.

Grand China Air will be developed into a group company, which will be listed on the Hong Kong stock market next year, he said.

"The Hong Kong listing will help diversify our financing channels and support our rapid development in the future," he said.

He declined to say how much Grand China Air plans to raise through the Hong Kong listing.

It isn't the first time Soros and HNA Group have cooperated.

American Aviation Ltd. is the largest shareholder in Shanghai-listed Hainan Airlines Co. (600221.SH), with a 14.80% stake. HNA Group is the second-largest shareholder in Hainan Airlines, with an 11.85% stake.

HNA Group also holds stakes in China Xinhua Airlines, Chang'an Airlines and Shanxi Airlines. HNA Group, which has 107 planes covering more than 500 routes, is China's fourth-largest airline conglomerate by revenue, the official said.

China's three other airline conglomerates are: China Eastern Airlines, China Southern Airlines and Air China.
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Old October 17th, 2005, 05:35 PM   #552
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CHINA PRESS:Korean Air Eyes 25% Stake In China's Okay Air
16 October 2005

BEIJING (Dow Jones)--Korean Air Co. (003490.SE) will take a 25% stake in Beijing-based Okay Airways Co., Caijing Magazine reports in its latest issue, citing Okay Airways' board Chairman Liu Jieyin.

An unnamed Korean financial institution will also take a 24% stake in Okay Airways, one of China's three private airlines, the report said.

The report didn't say how much the Korean investors will pay for shares in the Chinese airline.

China's other two private airlines are also looking at potential strategic investors, Caijing reported.

United Eagle Airlines Co., a Chengdu-based private airline, is negotiating with Singapore Airlines Ltd. (S55.SG) for Singapore Airlines and another investor to take a total 49% stake in the Chinese airline, Caijing said. Shanghai-based Air Spring Co. is also considering introducing foreign investors, according to the report.

Officials at Korean Air and Singapore Airlines weren't immediately available for comment.

Newspaper Web site: http://www.caijing.com.cn
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Old October 17th, 2005, 05:35 PM   #553
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China's airlines to transport 130 mln passengers this year: official
17 October 2005
Xinhua's China Economic Information Service

TIANJIN, October 17 (CEIS) -- More than 130 million passengers will be transported by Chinese airlines this year, second only to the United States, Yang Yuanyuan, director general of the General Administration of Civil Aviation of China (CAAC), said here on October 16.

Yang made the remark at the signing ceremony for the construction of a state-level aviation science and technology industrial base in Tianjin, a port city in north China.

Yang said China's aviation industry has advanced rapidly in recent years, with the number of passengers transported by Chinese airlines rising from the 11th in the world in 1995 to the ninth in 2000.

The number of China's passenger planes is expected to reach anywhere from 1,400 to 1,500 by the year 2010, a rise of 500-600 passenger planes from the current level, and the number is expected to reach 3,000 passenger planes by 2020, according to Yang.

Yang said, science and technology is an important indicator of a country's transportation capacity and economic strength and the aviation science, said Yang, and technology base in Tianjin will be a vital step China takes to improve its aviation transportation capacity.

The base will engaged mainly in development of air traffic control and telecommunications and navigation facilities, special equipment for airport, processing and production of spare parts and other equipment of aircraft, and research and growth of aviation sciences and technologies, repair of aircraft, personnel training and technological services.
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Old October 21st, 2005, 03:21 PM   #554
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Friday October 21, 3:56 PM
Okay Airways says budget model not viable in China

SHANGHAI (AFP) - Okay Airways, Chinas first private airline, said it has ditched its low-cost business model because government restrictions made it impossible to survive.

"Given the current practical conditions and all kinds of policies Okay Airways feels it impossible to really succeed as a low-cost, budget airline," China Securities Journal quoted Liu Jieyin, chairman of Okay Airways as saying.

After only seven months in operation Liu conceded that the first company to challenge the domination of China's state-owned airlines would have to adopt a more conventional business model if it was to survive.

While budget airlines have flourished in markets like Europe, the Chinese government's strict regulations, such as its grip on prices, have made it difficult for the country's emerging private airline industry to cut overheads.

Landing fees are also significantly higher in China than in Europe or the US and the tightly-controlled jet fuel prices account for 25 to 30 percent of domestic carrier costs compared to the 8.0 to 12 percent global average.

"There are too many costs we cannot control, which makes it difficult for us to reduce costs in a large scale," said Liu.

Okay's model was also damaged by its inability to take basic business decisions, such as, selecting flight routes or take choosing when to buy planes.

After Beijing-based Okay was established, 40 to 50 airports called us to open flights up, but we could not fly to these places because airline companies cannot decide the flight routes," said Liu.

"If airlines cant even decide on plane purchase there is no way to plan the companys development and there is no way to reduce cost."

In wake of the success in the United States and Europe of budget airlines, the number of low-cost carriers is rising in Asia, including China.

A number of airlines have already taken to the skies, such as United Eagle Airlines and Spring Airlines, while others such Aukai Airlines, Western Airlines and Eastern Express are aiming to fly this year.

But analysts say that despite the potential, the suffocating regulations will have to change if any of these carriers are to succeed.

"For these carriers to be successful, they have to be looking towards continued liberalization. ... Under that situation and the right dynamics, they can be very successful," Randy Tinseth, Boeing's director of product and service marketing, said in Beijing last month.
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Old October 21st, 2005, 05:37 PM   #555
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China Southern to increase flights from Australia to Guangzhou
21 October 2005
China Daily

China Southern Airlines Co Ltd said it will increase flights from Australia to Guangzhou, with a third weekly flight from Melbourne and fifth weekly service from Sydney to start in November.

In some weeks of December and January the airline will offer a daily service from Sydney to meet peak Christmas and new year demand.

China Southern will fly from Melbourne to Guangzhou, via Sydney, on Thursday, Friday and Sunday, with two additional flights from Sydney every Tuesday and Saturday.
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Old October 21st, 2005, 05:38 PM   #556
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China Raises Airline Fuel Surcharge For Intl Routes
21 October 2005

BEIJING (Dow Jones)--China has approved a request from domestic airlines to raise fuel surcharges for international routes, according to a statement issued by a major carrier.

Fuel surcharges have been raised by CNY112 to CNY210 per person for Asia Pacific routes, excluding Japan. For other international routes, the surcharges have been raised by CNY168 to CNY330 per person, the statement said.

The statement was issued nationwide by state-owned Air China Ltd. (0753.HK) and seen by a local airline ticketing agent.

The latest surcharge hike excludes flights terminating in Hong Kong and Macau, the statement said.

The increase was effective from Thursday, Air China said.

Surging fuel prices have taken a toll on the profitability of Chinese carriers.

During the first half of this year, Beijing-based Air China is the only profitable carrier among the country's three major airlines.

China Eastern Airlines Co. (0670.HK) and China Southern Airlines Co. (1055.HK) suffered losses in the first six months.

Stocks of China Eastern, China Southern and Shanghai Airlines Co. (600591.SH) listed on the domestic A share market posted gains at the close of Friday, while shares of Hainan Airlines (600221.SH) were flat.

At 0705 GMT, Air China's shares traded in Hong Kong were down 2.02% to HK$2.425.

- Victoria Ruan and Steven Yang contributed to this story
- Edited by Tracy Gan and Ryan Woo
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Old October 24th, 2005, 09:01 AM   #557
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Hainan Airlines gets 1.5 billion yuan of investment to build Grand Air China
24 October 2005
Xinhua's China Economic Information Service

HAIKOU, October 24 (CEIS) -- A week after international financier George Soros injected 25 million US dollars into Hainan Airlines, the fourth largest carrier of China, this airline group obtained another sum of 1.5 billion yuan (185 million US dollars) on October 22 for the building of a new carrier, Grand China Air.

Under the permission of the General Administration of Civil Aviation of China (CAAC), the Hainan Airlines Group is reorganizing its assets and building a new carrier under the brand of Grand China Air. The group planned to collect a capital of 5 billion yuan (617 million US dollars) in the first and second private placement phases by the end of this year.

The 1.5 billion yuan investment, from the Hainan Development Holdings Limited, along with Soros' investment, will accelerate the completion of the first two phases of private placement, while greatly enhancing investors' confidence, said Chen Feng, chairman of the Hainan Airlines Group.

"In the third phase, Grand China Air will try to be listed as an H- share company for Hong Kong investors next year", said Chen.

The building of Grand China Air is significant not only for Hainan Airlines, but also for promoting the comprehensive competitiveness of the country's civil aviation.

The Hainan Airlines Group, established 12 years ago, now owns 107 airplanes and operates more than 500 routes in the Chinese mainland. It also flies to Asian destinations such as Seoul, Osaka and Kuala Lumpur.

According to World Brand Lab's evaluation, the value of the brand Hainan Airlines is 3.52 billion yuan, the third highest of China's airline companies.
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Old October 24th, 2005, 09:02 AM   #558
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Regular flights from Shanghai to Toyama in Japan to be launched
24 October 2005
Xinhua's China Economic Information Service

SHANGHAI, October 24 (CEIS) -- Shanghai Airlines will operate regular flights from Shanghai to Toyama in Japan as of October 23, corporate sources said.

The return flights will be available on every Sunday, Tuesday and Thursday and Boeing 737-800 planes will be used to fly the new air route, a spokesman for the Shanghai Airlines said.

The Shanghai Airlines, a public listed company founded in 1985, has a fleet of 42 planes. It operates 140 domestic air routes and 10 overseas air routes, including two air freight services to Frankfurt in Germany and to Hong Kong.

The air company handled 5.7 million travelers last year and 3.13 million in the first half of the year. It will handle 6.5 million travelers and 900 million ton kilometers in 2005, according to the spokesman.

The regional air company, which has been reporting profits since 1996, bought a stake in the former China United Airlines in 2004 and now holds 80 percent of the company. The reorganized China United Airlines took to the sky on October 20.
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Old October 24th, 2005, 09:02 AM   #559
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Air China raises additional fees on jet fuel again by 100 percent
24 October 2005
Xinhua's China Economic Information Service

BEIJING, October 24 (CEIS) -- Air China, the national carrier, has decided to further lift the additional fees for jet fuel on the international routes by almost 100 percent starting on October 20, the Beijing News said on October 21.

The additional fees for jet fuel on the routes to the United States, Europe, Australia, and the Middle East will rise by 168 yuan ( 20.7 dollars) to 330 yuan (28.2 US dollars) starting on Oct. 20, the report said.

While the fees on the routes to the Republic of Korea will be hiked to 210 yuan (25.9 dollars) from 98 yuan (12 dollars) starting from Nov. 1.

Passengers who take flights to Asia-Pacific region, Karachi, a port city of Pakistan, and Katmandu, capital of Nepal, will pay extra 112 yuan (13.8 dollars) for the additional fees on jet fuel.

However, the additional fees for jet fuel on routes to Japan, Hong Kong and Macao will remain the same.

The soaring oil price has driven Air China to levy additional fees for jet fuel on its domestic flights since August.

It was reported that jet fuel made up 30 percent of Air China's overall operating expenses last year.
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Old October 24th, 2005, 01:23 PM   #560
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Philippine Airlines returns to Beijing after 16 years

MANILA, Oct 24 (AFP) - Flag carrier Philippine Airlines said Monday it would start regular flights to the Chinese capital Beijing on November 11, ending a 16-year hiatus.

PAL will fly three times a week between Manila and Beijing, a company statement said.

The carrier flew to Beijing from 1979 to 1989, when services were suspended for commercial reasons.

PAL said Beijing provides a bigger platform from which to access a growing tourism market.

Beijing will be the Philippine carrier's third destination in China. It already flies to Xiamen and Shanghai.
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