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Old November 27th, 2008, 04:41 PM   #521
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Airbus Still Confident It Will Seal Chinese Deal
27 November 2008

PARIS (Dow Jones)--European commercial aircraft builder Airbus said Thursday it is confident that it will finalize a multi-billion-dollar contract with China despite an abrupt cooling in diplomatic relations between France and China.

Last November, Airbus signed preliminary deals for a total of 150 aircraft with China Aviation Supplies Import and Export Group Corp., a state-owned purchasing body, as well as for another 10 aircraft with China Southern Airlines Co. Ltd. (600029.SH).

Firm order contracts have been signed for 140 aircraft, and these already show up in Airbus's firm order tally for 2008, a spokesman for the Toulouse, France-based company told Dow Jones Newswires.

Airbus denied French press reports that final signatures for the outstanding 20 aircraft have been postponed due to the Chinese decision to scrap a state visit to France by Prime Minister Wen Jiabao during which a Sino-European Union summit meeting had been planned. The Chinese are angry at President Nicolas Sarkozy's plan to meet with the Dalai Lama early next month.

The Airbus contracts 'are well under way,' the spokesman said, noting that Airbus has numerous opportunities to meet with its Chinese customers, and that contract negotiations and signatures aren't tied to political events.

However, he couldn't predict when the firm contracts would be signed.
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Old November 28th, 2008, 03:43 AM   #522
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CAAC to ask airlines to delay delivery of new jets
28 November 2008
South China Morning Post

Beijing will ask mainland carriers to delay delivery of new aircraft and may halt approvals for new purchases as demand for air travel slumps, a manager at an airline and a regulatory official said.

The Civil Aviation Administration of China (CAAC) was preparing to ask the airlines to negotiate with aircraft leasing firms and aircraft makers such as Boeing and Airbus on postponing the delivery of new orders, said Hu Bin, the general manager of Xiamen Airlines.

"The market is flooded with excess supply, resulting in ruthless price cuts in airfares and shrinking sales," Mr Hu said.

"A meeting has been called by CAAC at the beginning of next month to discuss an adjustment of the delivery schedule."

A delay of between three and five months was necessary for demand and supply to return to a balanced state, Mr Hu said.

The number of aircraft on the mainland has doubled over the past six years to more than 1,200. Boeing has projected the country would need more than 3,700 aircraft in the next 20 years.

The deteriorating global economy is dampening demand for air travel on the mainland, the world's second-largest aviation market after the United States. In the first nine months, air traffic on the mainland grew less than 2 per cent, compared with more than 14 per cent last year.

Mainland carriers must obtain approval from Beijing for aircraft purchases and generally receive a smaller quota than they ask for.

Chinese airlines would not be allowed to increase orders for aircraft, Liu Shaocheng, the head of policy and research at CAAC, told Bloomberg yesterday. Approved deals could still proceed, he said.

A manager at another airline said: "We cannot buy aircraft any time that we'd like and cannot react to demand as quickly as our rivals in the international market when the market returns to normal."

Mr Hu also said the expected reduction in value-added tax on aircraft purchases, which stands at about 17 per cent, could help ease the financial pressure on airlines.
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Old November 28th, 2008, 02:27 PM   #523
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11-28

China's first home-made regional jet completes maiden flight

Quote:
www.chinaview.cn 2008-11-28


China's first homegrown regional jet ARJ21-700 flies in Shanghai, east China, Nov. 28, 2008. The ARJ21 (Advanced Regional Jet for the 21st Century), which was developed independently by China, completed its maiden flight on Friday. The 90-seat ARJ21-700 jet, powered by a turbofan engine and rolled off the production line in 2007, has a maximum flight range of 3,700 kilometers and a maximum altitude of 11,900 meters. (Xinhua Photo)

SHANGHAI, Nov. 28 (Xinhua) -- China's first homegrown regional jet, an ARJ21-700, completed its maiden flight Friday in Shanghai, the Commercial Aircraft Corporation of China Ltd. (COMAC) said.

The maiden flight began at 12:23 p.m. and lasted for about an hour at Shanghai Aircraft Manufacturing Factory, where the jet rolled out the general assembly line at the end of last year.

"The jet was normal and the flight was smooth," said Zhao Peng, one of the three pilots aboard the jet, at the end of the maiden flight.

The white 90-seat ARJ21-700 jet with three curved blue stripes on the fuselage, named "Xiang Feng" or "Flying Phoenix", is about 33 meters long and 27 meters in wing span.

Its maximum flight range is 3,700 kilometers and maximum altitude, 11,900 meters, said COMAC's General Manager Jin Zhuanglong.

But the jet flew at only 900 meters during the maiden flight.


China's first homegrown regional jet ARJ21-700 flies in Shanghai, east China, Nov. 28, 2008. The ARJ21 (Advanced Regional Jet for the 21st Century), which was developed independently by China, completed its maiden flight on Friday. The 90-seat ARJ21-700 jet, powered by a turbofan engine and rolled off the production line in 2007, has a maximum flight range of 3,700 kilometers and a maximum altitude of 11,900 meters. (Xinhua Photo)

Delivery of the aircraft would begin in less than 18 months, after a series of trial flights and the award of airworthiness certificate, said Hu Haiyin, Party secretary of COMAC.

Hu said the China has rolled out six ARJ21 aircraft so far, all of which are undergoing flight tests.

He said the country is currently capable of producing 20 ARJ21 jets a year.

The ARJ21 (Advanced Regional Jet for the 21st Century) was developed independently by China. It was also the first Chinese aircraft to be sold to Europe and America.

A total of 208 ARJ21-700s have been ordered so far, including 25 by GE Commercial Aviation Services of the United States.

The jet sells for about 27 million U.S. dollars, compared with 30 million U.S. dollars for a 90-seat Bombardier jet.

China Aviation Industry Corporation, the parent company of COMAC, predicts that worldwide carriers will need about 6,600 regional aircraft in the coming 20 years, 70 percent of which will be jets.

"With less fuel consumption and longer flight hours, the ARJ21 will reduce air fares by 8 to 10 percent for Chinese airlines, most of whom currently use large aircraft above 140 seats on short and medium routes," said COMAC's General Manager Jin Zhuanglong.


China's first homegrown regional jet ARJ21-700 prepares to take off in Shanghai, east China, Nov. 28, 2008. The ARJ21 (Advanced Regional Jet for the 21st Century), which was developed independently by China, completed its maiden flight on Friday. The 90-seat ARJ21-700 jet, powered by a turbofan engine and rolled off the production line in 2007, has a maximum flight range of 3,700 kilometers and a maximum altitude of 11,900 meters. (Xinhua Photo)
(xinhuanet.com)
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Old November 28th, 2008, 05:59 PM   #524
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China's first homegrown regional jet ARJ21-700 is seen in this picture taken before it takes its maiden flight in Shanghai, East China, November 28, 2008. The maiden flight began at 12:23 p.m. and lasted for about an hour at Shanghai Aircraft Manufacturing Factory, where the jet rolled out the general assembly line at the end of last year





China's first homegrown regional jet ARJ21-700 lands on the airport after it completes its maiden flight in Shanghai, East China, November 28, 2008. The maiden flight began at 12:23 p.m. and lasted for about an hour at Shanghai Aircraft Manufacturing Factory, where the jet rolled out the general assembly line at the end of last year.
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Old December 4th, 2008, 01:33 PM   #525
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Xinhua News:
China's 1st private airlines to suspend passenger flight service
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Old December 7th, 2008, 11:10 AM   #526
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Report: China's first private airline, facing financial trouble, suspends flights early
6 December 2008

BEIJING (AP) - China's first private airline, suffering from financial and management woes, began a planned one-month suspension of passenger service 10 days early Saturday after skittish airports insisted on cash to refuel its planes, state media reported.

Okay Airways has been locked in a messy dispute with its controlling shareholder. News reports this week said the Civil Aviation Administration of China ordered the flight suspension at the request of the shareholder, Shanghai-based Junyao Group Co.

A Junyao spokesman told the official Xinhua News Agency that Okay Airways suspended passenger service Saturday. An airline spokesman had said Thursday that the one-month suspension would start Dec. 15.

Officials at the airline could not be reached for comment Saturday.

The suspension came earlier than expected because some airports, worried about the airline's financial troubles, would only refuel its planes for cash, Xinhua reported.

More than 2,000 stranded passengers at the airline's hub in the northeastern city of Tianjin and at other airports had to be transferred to other flights, Xinhua said.

The economic slowdown has hurt all of China's airlines, but the country's handful of private carriers cannot count on the kind of huge government bailouts that several state-run carriers are now seeking.

The loss-making Okay Airways is also caught in a dispute with Junyao about how the airline should be run, Okay Airways spokesman Li Wei said in a phone interview Thursday. Staff at Junyao refused to comment.

Okay Airways became China's first private carrier in 2005. Its 11 planes fly more than 20 domestic passenger routes, and its cargo operations are a local partner of Fedex Corp. The cargo operations are expected to continue.

The airline and Junyao agreed in March 2006 to share personnel, routes, marketing and managerial expertise as they struggled for a footing in China's intensively competitive air transport market.

But relations between the two are troubled.

Junyao recently dismissed Okay's president, Liu Jieyin, Xinhua reported Thursday, citing Wang Junjin, who is chairman of both Junyao and Okay.

It said that Wang had promised not to cut jobs or reduce salaries during the one-month flight suspension.

The report said flights were due to resume in mid-January, just ahead of the Lunar New Year peak travel period.

It wasn't clear Saturday how the early suspension of flights would affect that plan.
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Old December 8th, 2008, 04:44 AM   #527
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Whats the reason behind this new livery? They should make a new color scheme for Air China its so dated.

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Old December 8th, 2008, 10:16 AM   #528
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Shanghai Air denies gov't cash injection report

SHANGHAI, Dec 8 (Reuters) - Shanghai Airlines Co said on Monday its shareholders and the Shanghai government had taken no action to inject cash into the carrier, refuting a local newspaper report.

The 21th Century Business Herald had reported that the municipal government was considering injecting cash into the carrier to help ease its operational and financial difficulties.

But Shanghai Air denied such a move after consultations with its shareholders.

In a statement, the carrier also said it had not held discussions with any potential investors on other issues that might affect its share price.

Last week, the carrier's shares, traded in Shanghai, rose 8.38 percent to 4.27 yuan ($0.621) by Dec 4 when it last traded, amid speculation of a cash injection and talk that government officials were moving to broker a merger of the carrier and its bigger cross-town rival China Eastern Airlines . ($1=6.874 Yuan)
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Old December 9th, 2008, 10:53 AM   #529
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Hainan Air says parent may seek gov't cash injection

SHANGHAI, Dec 9 (Reuters) - China's Hainan Airlines Co said on Tuesday its parent was considering seeking financial help from the government, playing down a local media report about an imminent cash injection.

Beijing News reported that the Hainan provincial government was considering injecting cash to the listed carrier as air traffic demand slows.

But Hainan Air, partly owned by billionaire financier George Soros, said it remained uncertain whether its parent would get financial support from the government.

In a statement, the carrier also said it had not held discussions with any potential investors on other issues that might affect its share price.

Last week, Hainan A shares, traded in Shanghai, jumped roughly 14 percent to 3.48 yuan ($0.506) by Dec 5 when it last traded, amid speculation the government would supply cash to the carrier. ($1=6.877 Yuan)
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Old December 9th, 2008, 02:43 PM   #530
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Quote:
Originally Posted by zergcerebrates View Post
Whats the reason behind this new livery?
No idea. Maybe they're "testing" it (in order to introduce it throughout the fleet)?








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Old December 9th, 2008, 04:32 PM   #531
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Has a Gulf Air feel to it ...
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Old December 9th, 2008, 07:52 PM   #532
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Yup, I was gonna say..
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Old December 9th, 2008, 09:39 PM   #533
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China Urges Airlines To Cancel,Delay '09 Jet Delivery


BEIJING -(Dow Jones)- China is urging its airlines to cancel or postpone aircraft scheduled for delivery in 2009 to counter weakening travel demand amid a global slowdown, the country's aviation regulator said Tuesday.

The Civil Aviation Administration of China also urged Chinese airlines to let their aircraft leasing agreements with foreign companies run out, it said in a statement.

In order to control capacity expansion, airlines should also ground or sell aircraft, convert passenger aircraft into cargo aircraft, retire more old jets, and reduce the number of planes ordered from foreign companies, the statement said.

The CAAC won't approve applications for new airlines, it said.

The government will also reduce the fees and taxes that airlines have to pay, the statement said. Chinese airlines will have some infrastructure fees from the second half of 2008 refunded, and are exempt from infrastructure fees and some business taxes for the first half of 2009, CAAC said.

Even before the global financial crisis, China's beleaguered airline industry had been buffeted by natural disasters, fluctuating jet fuel prices and disruption from the Beijing Olympics earlier this year.

The parent company of China Southern Airlines Co. (ZNH), the country's largest carrier by fleet size, received a CNY3 billion ($439 million) subsidy from the government last month, while other airlines are also seeking assistance.

-By Patricia Jiayi Ho, Dow Jones Newswires; (8610) 6588 5848; [email protected] dowjones.com
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Old December 9th, 2008, 09:41 PM   #534
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Air China achieves improvement through joining Star Alliance


Beijing - As Air China approaches the one year anniversary of its membership with the Star Alliance, the airline, with the continued support of the National Civil Aviation Authority and the other members of the Star Alliance, celebrates the massive improvement in the products and services it now offers all its customers.
In order to continue its rapid growth, and become a leading global airline by 2017, Air China developed a strategy of international expansion through hub construction at the beginning of this year.

In 2008, Air China launched several new domestic routes as well as direct charter flights between Mainland China and Taiwan. Air China has also introduced a number of new international routes. By becoming a member of the Star Alliance in December 2007, Air China joined the world's largest airline alliance, with 21 members and a network which takes up 30% of the global market share.

Air China now offers its passengers the opportunity to travel to 83 domestic and 41 international destinations. It is the domestic leader in terms of the number of flights it offers, and the airline is now the largest carrier of flights between China and Europe. Air China's move to the new Terminal 3 at Beijing International Airport on March 26, 2008, was a crucial step in creating a major international hub to facilitate the carrier's increased cooperation with other Star Alliance members and augment its expansion overseas.

Air China also provides a series of improved services for its passengers, such as offering a free stay at three-star hotel for passengers who cannot complete their flight transfer within 24 hours on the same day.



http://www.etaiwannews.com/etn/news_...&lang=eng_news
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Last edited by Go Ahead Eagles; December 9th, 2008 at 09:43 PM. Reason: Double post
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Old December 10th, 2008, 02:17 AM   #535
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The following article/statement comes almost immediately after the last controversial Sarkozy - Dalai Lama meeting last Saturday. Who wonders ...

Aircraft buying grounded amid financial woes
By Cui Xiaohuo (China Daily)
Updated: 2008-12-10 07:30

The government Tuesday asked airlines to suspend purchase of new planes from foreign manufacturers in order to cut operation costs and maintain a balance between demand and supply.

The global financial crisis has led to a drop in the number of domestic and overseas travelers and largely reduced the need for new aircraft and causing a loss to the aviation industry.

The Civil Aviation Administration of China (CAAC) said it "encourages" airlines to cancel or defer taking delivery of new planes next year, and asked them to make best use of their existing fleets of more than 2,000 planes.

New airlines will not be approved before 2010, the CAAC said. But it will continue waiving more taxes and fees for airlines and make gasoline more affordable for them.

It asked airlines to cut spending by merging with or acquiring others. But it said it would spend 10 billion yuan ($1.45 billion) on air safety facilities.

Li Xiaojin, an economist specializing in the aviation industry, said an airline could save up to 900,000 yuan ($130,950) a month by not buying a new aircraft.

Earlier, the China Aviation Industry Corporation estimated that China would need 3,110 new planes in the next two decades.

Airbus China said on Tuesday that its 440 aircraft, about one-tenth of its worldwide orders, would be ready for delivery to Chinese airlines in the next couple of years. They include 160 planes, deals for which were inked in the presence of President Hu Jintao and visiting French President Nicolas Sarkozy in November last year.

The world's other major aircraft maker, Boeing, did not say how many planes Chinese airlines had placed orders for.

Zhong Ning, a CAAC official, said the move is aimed at maintaining 10 percent growth in the aviation industry next year.

"The country aims to have a GDP growth of at least 8 percent next year, so the aviation industry, which has usually grown at 2 percentage points more than the GDP, will have to contribute," she said.

The aviation industry as a whole lost 4.3 billion yuan ($626 million) in the first 10 months of this year, with 70 percent of the aviation firms losing money, experts said last month.

Such is the financial pressure that Beijing-based Okair Airlines, a private carrier, had to suspend operations on Nov 6.

source:
http://www.chinadaily.cn/china/2008-...nt_7288208.htm
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Old December 10th, 2008, 02:45 AM   #536
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Many Chinese airlines are in great need of additional aircraft so I don't really see that happening. At least not among the privately owned carriers (such as Shanghai Airlines).

I don't know if it has anything to do with Sarkozy's meeting with the Dalai, but it is good that the government shows that it doesn't tolerate that kind of behavior-- but canceling aircraft orders is not the right way to go imo... Although that's another discussion altogether.
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Old December 10th, 2008, 03:37 AM   #537
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But Chinese airlines are not faring well these days, with calls for state aid. I don't think that will sit well at the national government level if expansion plans are not pared yet at the same time they're begging for money to survive.
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Old December 13th, 2008, 08:17 AM   #538
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Shenyin & Wanguo: weaker yuan to exert negative effects on Chinese airlines’ earnings

BEIJING, Dec. 8 (Xinhua) –China’s airline companies will bear the brunt of Renminbi depreciation in the transport sector, according to the latest report of Shenyin & Wanguo Securities.

The securities firm predicted that the exchange rate of RMB against US dollar would remain stable next year.

However, if yuan weakens against US dollar, the transport sector will be subject to negative influence of various degrees.

Bearing the brunt of weaker yuan will be airline companies, followed by infrastructure firms and shipping companies.

Chinese airlines hold massive foreign debt, especially US dollar- denominated debt and they will suffer greater loss from currency exchange if yuan depreciates, said the brokerage firm.

It assumed that one percent depreciation of yuan against US dollar would lead the earnings per share (EPS) of Air China (0753.HK; 601111. SH), China Southern Airlines (ZNH.NYSE; 1055.HK; 600029.SH) and China Eastern Airlines (CEA.NYSE; 0670.HK; 601115.SH) in 2009 to drop by 0. 017, 0.078 and 0.51 HK dollar.

The influence of RMB depreciation will be milder on infrastructure firms as they hold very small amount of foreign debt.

Its impact on shipping companies will be mildest, especially for companies which derive most of income from international lines.
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Old December 14th, 2008, 06:06 PM   #539
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Oil-rich Angola launches direct flight to China
14 December 2008
Agence France Presse

Angola has launched a flight linking it to China, which has sent thousands of citizens to work on the reconstruction of the continent's fastest growing economy following its a 27-year civil war.

The first direct 14-hour flight from Luanda's Fourth of February Airport to Beijing’s Capital International Airport left on Saturday.

"The flight will run twice a week on a Boeing 777-200 ER," said a spokesman for TAAG, Angola's national airline.

It is being launched on a charter basis but if the market reacts positively, we'll pass to a scheduled service," he added.

Chinese money and manpower have played a key role in the reconstruction of Angola since the end of its 27-year civil war in 2002. Tens of thousands of Chinese workers are employed on building and roads projects across the west African country.

Last year more than 22,000 Angolan visas were issued to Chinese passport holders.

Credit lines from China to the former Portuguese colony are believed to exceed four billion US dollars.

Many of these loans are oil-backed and Angola is now China’s largest supplier of crude oil.

"The opening of a direct air link has been planned for a while -- and is needed because of all the Chinese construction workers in Angola," said Alex Vines, head of the Africa Programme at the London-based thinktank Chatham House.

"As long as large Chinese construction projects continue in Angola, a direct air link between China and Angola will be profitable."

The new Luanda to Beijing route comes in the same week TAAG announced it was halting flights to Addis Ababa in Ethiopia and Pointe Noire in Congo (Brazzaville).

Citing "serious safety concerns," the European Union last month renewed its ban on TAAG flights and extended the restrictions to all Angolan Airlines.

The Angolan government responded by sacking TAAG's board and creating a commission to run the airline and investigate the safety issues.

It was also revealed that TAAG had lost 70 million dollars in the last year and was ranked 122 in a list of 124 world airlines.

Angolan Transport Minister Augusto Tomas said: "It is important that TAAG's performance is in line with Angola's current economic development."

Angola is one of the world’s fastest-growing economies and has overtaken Nigeria as sub-Saharan Africa’s largest oil producer with Luanda growing as key destination for many international airlines.

Lufthansa, British Airways, Brussels Air, Air France, Portugal’s TAP and South African Airways (SAA) are just some of the major carriers running flights in and out of the country.

Flights are usually full and often overbooked. One-way tickets can sell for up to 5,000 dollars on some routes due to the demand from the growing expatriate community of oil and construction workers enjoying Angola’s post-war boom.

Lufthansa spokeswoman Karin Webr said: "In terms of revenue, this is one of our best performing flights, and there is certainly a potential to increase the frequency of the flight to more than once a week."

"As well as the oil traffic, we are seeing a demand from the Asian market using Frankfurt to transfer into Luanda from China and other parts of the region."

Next year Delta hopes to become the first American airline to run a scheduled service from the United States.

A company spokeswoman confirmed the flight was awaiting approval from the Angolan government but the plan was to operate from Atlanta to Luanda, via Cape Verde.

Thousands of Americans work in Angola for oil companies such as Exxon Mobile, Chevron and BP and there is also a large diplomatic and NGO presence in the country.

Currently the only direct route to the United States is via a charter service limited to oil workers and their families.
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Old December 15th, 2008, 05:48 PM   #540
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ir China Carried 2.90M Passengers In Nov; Up 4.9%
15 December 2008

BEIJING (Dow Jones)--Air China Ltd. (0753.HK) said Monday it carried 2.90 million passengers in November, 4.9% more than in the same month last year.

"Both traffic in domestic routes and Hong Kong and Macau routes continued to pick up, while traffic decline in the international routes narrowed," the Beijing-based carrier said in a statement.

Air China's November revenue passenger kilometers rose 3% from a year earlier to 5.58 billion, the statement said. It didn't provide a year-earlier figure.

Its passenger load factor fell 3.0 percentage points to 75.6%, while its overall load factor fell 5.1 percentage points to 65.3%, the statement said.
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