daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Infrastructure and Mobility Forums > Airports and Aviation

Airports and Aviation Airports | Photos and Videos



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old December 16th, 2008, 05:40 AM   #541
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Shanghai Air seeks govt cash injection - paper

SHANGHAI, Dec 15 (Reuters) - Regional carrier Shanghai Airlines Co has sought a cash injection from the local government to help cut its debt ratio, the China Securities News said on Monday, citing the carrier's chairman.

Zhou Chi did not specify the size of aid the airline had asked for but said it was much smaller than the 3 billion yuan ($438.3 million) each of its bigger rivals China Southern Airlines and China Eastern Airlines secured recently, the newspaper said in its online edition.

The debt ratio of Shanghai Air stands at between 85 to 90 percent currently, he was quoted a saying.

Chinese airlines have suffered a sharp reversal of fortune this year due to slumping passenger demand as fallout from the global credit crisis spreads.

Last week, China Southern Airlines , China Eastern Airlines , two of the country's three biggest carriers, each unveiled plans to raise more capital from their parents.

They would issue shares to their parents in exchange for the cash injections their parents received from the government.

Hainan Airlines Co said last week that its parent was considering seeking financial help from the government. ($1=6.844 Yuan)
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote

Sponsored Links
Old December 18th, 2008, 12:27 PM   #542
hkth
Registered User
 
Join Date: Sep 2005
Posts: 2,404
Likes (Received): 25

Xinhua News:
China allows lighters, matches on civil flights
__________________
A Hong Kong Guy who was born in HK!
hkth no está en línea   Reply With Quote
Old December 19th, 2008, 05:57 PM   #543
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China slashes fuel surcharges on domestic flights
19 December 2008
Agence France Presse

China said Friday it will cut fuel surcharges on domestic flights by up to 75 percent from December 25, in its latest move to adjust fuel costs in line with world oil price corrections.

The charge on flights of more than 800 kilometres (500 miles) will come down to 40 yuan (5.8 dollars) from 150 yuan per ticket, the National Development and Reform Commission, China's top economic planning agency, said in a statement.

Passengers on routes shorter than 800 kilometres will pay only a 20 yuan fuel surcharge, down from 80 yuan previously, it said.

The cut followed a decision late Thursday to reduce retail and wholesale fuel prices in the country after world crude prices fell by 70 percent from record highs of 147 dollars a barrel reached in July.

Analysts have said China should take advantage of the ongoing slump in global oil prices to revamp its domestic pricing system that has capped prices to keep inflation in check despite heavy losses to oil refiners.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 20th, 2008, 08:39 AM   #544
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

14b yuan in aviation oil bills unpaid
20 December 2008
South China Morning Post

China Aviation Oil, a supplier of jet fuel, said unpaid bills by mainland airlines have risen to 14 billion yuan (HK$15.8 billion) as the industry grapples with falling demand, according to a mainland newspaper.

Wang Yi, the company's deputy general manager, told a financial forum that the risk of bad debts had been rising because of the global financial crisis, the Beijing Times reported yesterday.

The suspension of service at Okay Airways, a small private airline, might cost China Aviation "millions of yuan" in unpaid bills, Mr Wang was quoted as saying.

"The company has taken measures to maintain healthy financials after Okay Airways halted its services," he said.

Analysts said it was more common for small and medium-sized airlines to owe fuel bills, but many airlines, regardless of size, were delaying payments of landing and maintenance fees to airports.

"Overdue fee payments involve big and small airlines," said Huatai Securities analyst Yu Jianjun. "The airlines lack cash."

The China Civil Airports Association said last month 17 major airports had accumulated account receivables from mainland carriers of 4.2 billion yuan. At the end of October, most bills were more than three months overdue.

China Aviation Oil could not be reached for comment.

None of the Big Three airlines - Air China, China Eastern Airlines and China Southern Airlines - would comment yesterday.

High fuel costs and natural disasters hit mainland airlines early this year.

Although fuel prices have been falling in recent months, business has been affected by slumping demand, tightened security during the Olympics and hedging losses.

All of the Big Three carriers reported a loss in the third quarter: 1.9 billion yuan at Air China, 2.3 billion yuan at China Eastern and almost 900 million yuan at China Southern.

China Eastern and China Southern announced this month they would each get 3 billion yuan from its respective state-owned parent company.

But analysts said that capital injections and the measures announced by the Civil Aviation Administration of China were essential but insufficient to cover the losses.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 20th, 2008, 03:14 PM   #545
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Source : http://bbs.feeyo.com/posts/366/topic-0016-3669247.html













__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 24th, 2008, 10:03 AM   #546
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China Officials Positive To CEA, Shanghai Air Merger - Report
23 December 2008

BEIJING (Dow Jones)--Government officials have a positive attitude toward the merger of China Eastern Airlines Corp. (CEA) with Shanghai Airlines Co. (600591.SH), the Shanghai Securities News reported Wednesday, citing a person familiar with the situation.

This could signify there will be a clear development on the matter soon, the report said.

The merger may proceed after Shanghai Airlines receives a capital injection from the government, it added.

Shanghai Airlines Chairman Zhou Chi said earlier this month it had applied to the Shanghai municipal government for funds to reduce its debt load.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 24th, 2008, 05:08 PM   #547
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China Eastern Air says gets 10 bln yuan credit line

SHANGHAI, Dec 24 (Reuters) - China Eastern Airlines said on Wednesday it has received a 10 billion yuan ($1.46 billion) credit line from Bank of Communications that will help to ease operational difficulties.

Chinese airlines have suffered a sharp reversal of fortunes this year due to slumping passenger demand as fallout from the global credit crisis spreads.

Earlier this month, China Southern Airlines and China Eastern, two of the country's three biggest carriers, announced share placements with their parent firms in exchange for 3 billion yuan each in cash injections that the group companies had received from the government. ($1=6.849 Yuan)
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 26th, 2008, 05:57 PM   #548
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China Eastern Air May Receive CNY6B More Govt Aid - Report
25 December 2008

BEIJING (Dow Jones)--China Eastern Airlines Corp. (CEA) may receive an additional CNY6 billion capital injection from the government, the Shanghai Securities News reported Friday, without citing sources.

China Eastern's A shares were suspended Thursday as its parent company plans to 'make material adjustments' on a fund injection plan, the airline said in a statement. Its A-shares will resume trading Tuesday, it said.

The Shanghai-based airline said earlier this month it plans to raise CNY3 billion by selling shares to its state-owned parent, China Eastern Air Holding Co.

The newspaper also reported that Shanghai Airlines Co. (600591.SH) President Fan Hongxi will retire soon due to his age. He will be temporarily replaced by Shanghai Airlines Chairman Zhou Chi, the paper said, citing a person familiar with the matter.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 29th, 2008, 08:02 AM   #549
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 91,245
Likes (Received): 11285

Code:
BEST AIRPORTS : CHINA

1	Guangzhou
2	Shanghai PuDong
3	Beijing Capital T3
Source: http://www.worldairportawards.com/Aw...esultsFull.htm
nazrey no está en línea   Reply With Quote
Old January 2nd, 2009, 09:19 AM   #550
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Beijing Capital: Govt OKs Plan To Buy Terminal 3 From Parent
30 December 2008

HONG KONG (Dow Jones)--Beijing Capital International Airport Co. (0694.HK), which operates the airport in China's capital city, said late Tuesday China's Ministry of Finance has approved its plan to buy the new Terminal 3 at the airport from its parent.

The Hong Kong-listed company said in a statement it has received approval for the acquisition from all the relevant government authorities in China.

However, the acquisition is subject to shareholder approval, it said earlier.

Beijing Capital said it is finalizing the purchase price with its parent, Capital Airports Holding Co.

In January, the company said it plans to buy the new terminal from its parent for CNY26.90 billion.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 6th, 2009, 10:36 AM   #551
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China Southern reports profit from jet fuel hedging in 2008

BEIJING, Jan. 5 (Xinhua) China's largest airlines by fleet China Southern Airlines (ZNH.NYSE; 01055.HK; 600029.SH) has reported net profit of 6.28 million US dollars from jet fuel hedging in 2008, against the heavy loss of its domestic counterparts.

A source with China Southern disclosed to Beijing Times, that China Southern has been carrying out jet fuel oil hedging transactions for years, but the business volume is not large.

Former general manager of China Southern's parent company, Liu Shaoyong, now chairman of China Eastern Airlines (CEA.NYSE; 00670.HK; 600115.SH), made the decision to suspend jet fuel hedging in the middle of 2008 after he felt the risks from the hedging transactions.

According to the source, jet fuel hedging transactions China Southern signed earlier have got matured or been terminated by September of 2008, which helped the company to avoid big loss after the international oil price saw big drop.

It is learnt that among the five listed airline companies in China's A-share market, except Hainan Airlines which didn't do the jet fuel hedging business, Air China (00753.HK; 601111.SH), China Eastern and Shanghai Airlines (600591.SH) all incurred heavy loss, with real compensation having already been made.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 7th, 2009, 04:12 PM   #552
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China To Take Delivery Of 241 Aircraft In 2009: Govt - Xinhua
7 January 2009
Copyright (c) 2009, Dow Jones & Company, Inc.

China is set take delivery of 241 new planes this year, 16 of which are delayed orders from 2008, the official Xinhua news agency said Wednesday, citing the Civil Aviation Administration of China as saying.

According to the CAAC, the new aircraft would increase passenger seat capacity by 16% despite the leases on 43 planes expiring this year, the news agency reported.

The global economic downturn led to Chinese airlines losing CNY7.07 billion ($1.03 billion) from January to November last year, Xinhua reported. The report didn't indicate how it obtained the information from the aviation authority.

Air China Ltd., for one, lost CNY1.92 billion in the third quarter of 2008 alone, the news agency said.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 8th, 2009, 09:27 AM   #553
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China airlines seek 11 pct rise in passenger volume

SHANGHAI, Jan 7 (Reuters) - Chinese airlines will strive for 11 percent growth in passenger volume this year in compliance with a guideline endorsed by the country's industry regulator.

Air China and other Chinese carriers carried 176.24 million passengers from January to November 2008, up merely 2.90 percent from the previous year, official data showed, as a slowing economy curbed air travel. Cargo volume climbed 1.6 percent to 3.71 million tonnes over the same period.

The Civil Aviation Administration of China (CAAC), in a statement published on its website, set 2009's passenger volume target at 220 million and cargo throughput at 4.37 million tonnes, up 8 percent.

It did not provide any basis for the guidelines but said they could be adjusted in accordance with the macroeconomic situation.

Fixed asset investment, mostly allocated to bolster the country's airport facilities, will be around 80 billion yuan ($11.71 billion) to 100 billion yuan, CAAC said. ($1=6.832 Yuan)
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 8th, 2009, 07:52 PM   #554
snow is red
Vicky Pollard lol
 
snow is red's Avatar
 
Join Date: May 2007
Posts: 5,078
Likes (Received): 119

China aviation giant AVIC signs US$26B credit agreement

2009-01-08

BEIJING - Aviation Industry Corp. of China (AVIC), the country's aviation giant, signed a 176 billion yuan (US$25.8 billion) credit agreement with 10 Chinese banks here on Thursday.

The agreement shows banks' confidence in the high-tech and strategic aviation sector despite the economic crisis, Lin Zuoming, AVIC's general manager, told the signing ceremony.

The government has urged local financial institutions to extend more credit to businesses and lend more for infrastructure investment amid efforts to support the weakening economy.

The Industrial and Commercial Bank of China, China Construction Bank and China Citic Bank agreed to lend 30 billion yuan each.

The other banks are Bank of Communications, Shanghai Pudong Development Bank, China Everbright Bank, China Merchants Bank, Bank of Beijing, China Minsheng Banking and Industrial Bank.

The state-owned AVIC was created in November by the merger of AVIC-I (China Aviation Industry Corp. I) and AVIC-II (China Aviation Industry Corp. II). The merger was intended to boost the organization's internal innovative capacity and optimize the use of resources to sharpen its competitive edge internationally.

AVIC also holds more than 26 percent in the Commercial Aircraft Corp. of China (COMAC), manager of the country's large aircraft program.

China plans to build commercial aircraft with more than 150 seats to get a share of the huge global aviation market that is now dominated by Boeing and Airbus.

In the next 20 years, China alone will need 3,815 passenger planes, including 2,822 large jets and 993 regional jets, AVIC said last year.

China's large commercial aircraft will be on the market by 2020, Miao Wei, vice-minister of industry and information technology, said last year. COMAC will complete the concept design and research on key technologies by 2010 and start production by 2014, Miao said.

http://www.chinadaily.com.cn/china/2...nt_7379906.htm
snow is red no está en línea   Reply With Quote
Old January 14th, 2009, 07:51 AM   #555
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Air China says parent may buy small Wuhan carrier

SHANGHAI, Jan 13 (Reuters) - Flag carrier Air China said on Tuesday that its parent group was starting preliminary talks on the possible acquisition of East Star Airlines, a small private carrier based in the central city of Wuhan.

The group may buy all or part of East Star, but it is not yet clear whether any agreement will be reached, Air China said in a brief statement.

Air China, which owns well over 150 planes, dwarfs East Star, which has just nine planes, according to the official Securities Times. But the acquisition could help Air China expand its coverage of central China, where it is relatively weak.

Slumping air traffic has made it hard for China's small private airlines to compete with state-owned giants such as Air China, China Eastern and China Southern .

Since December, China Eastern and China Southern have announced plans to receive a total of 10 billion yuan ($1.5 billion) in cash injections from the government to help them ride out the slump. Private carriers do not have such support.

Last month China's first private airline, Okay Airways, which was founded in 2005, said it would indefinitely halt its passenger services because of the global financial crisis. ($1 = 6.83 yuan)
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 15th, 2009, 09:34 AM   #556
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China Southern Airlines: Expect To Post Loss For 2008
14 January 2009

HONG KONG (Dow Jones)--China Southern Airlines Co. (ZNH) said Wednesday it expects to record a loss in 2008 on a drop in travel demand and cost pressures due to higher domestic oil prices.

The Chinese airline reported a net profit of CNY1.85 billion for 2007, it said.

In a statement, China Southern said there has been a 'drastic decrease' in air transportation demand, as growth in the domestic economy slowed and other countries fell into recession. Domestic oil prices continued to remain high in 2008, it added.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 16th, 2009, 05:34 PM   #557
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Air China December Passengers Up 6.5% On Year To 2.84 Mln
15 January 2009

HONG KONG (Dow Jones)--Air China Ltd. (0753.HK) said Thursday it carried 6.5% more passengers in December than it did a year earlier, as a strong pickup in domestic traffic offset a drop in passenger numbers on international flights and on Hong Kong and Macau services.

The nation's flag carrier said it carried 2.84 million passengers for the month, including 2.36 million on domestic flights, up 11.8% from December 2007. Year-earlier figures weren't provided.

International traffic fell 14% in December to 400,900, while passenger numbers for Hong Kong and Macau flights fell 7.5% to 85,700.

Air China's December passenger revenue, as measured by revenue passenger kilometers, rose 2.3% to 5.51 billion RPKs, even as passenger capacity fell by 9.8%.

For 2008, Air China's passenger figures fell 1.7% to 34.25 million from 34.84 million in 2007. Travel restrictions against visitors before the Beijing Olympics were partly to blame for a decline in passengers, Air China said earlier.

Air China's passenger revenue, measured in RPKs, fell 1.5% in 2008 to 66.01 billion RPKs from 66.99 billion RPKs.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 19th, 2009, 03:49 AM   #558
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Fog in western China grounds flights, strands thousands

BEIJING, Jan 18 (Reuters) - Thick fog blanketing much of western China has delayed dozens of flights and left more than 16,000 passengers stranded at airports ahead of the Chinese Lunar New Year holiday, Xinhua news agency reported on Sunday.

At least 10,000 passengers were stranded at Shuangliu International Airport in Chengdu, capital of China's southwestern Sichuan province, after it closed for more than five hours on Sunday, Xinhua said.

Some 121 incoming and outgoing flights were delayed and four cancelled, the agency said, quoting the airport authority.

Airport spokesman Lu Junming told Xinhua most of the 485 flights scheduled for Sunday would be delayed for at least four hours.

The fog had also closed expressways linking Chengdu to other cities in the populous province, and left 6,000 passengers stranded at Urumqi International Airport in China's northwestern Xinjiang region.

It comes as hundreds of millions of Chinese board planes, trains and automobiles to return home for the Lunar New Year, dubbed the world's biggest human migration.

Last year, the bitterest winter to hit China in decades saw millions of migrant workers stranded at railway stations and on clogged highways across large swathes of the country's centre and south.

China's trains made a record 5 million passenger trips on Saturday, the China Youth Daily said in a separate report.

The early Lunar New Year holiday this year has caused an unprecedented crunch of students, tourists and family visitors joining the usual millions of migrant workers on their way back to home villages. The peak travel period this year is expected to see a record 2.3 billion trips.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 21st, 2009, 03:19 PM   #559
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

China cuts jet fuel price by 330 yuan a tonne-paper

BEIJING, Jan 21 (Reuters) - China National Aviation Fuel Holding, the country's near-monopoly jet fuel distributor, has cut the price of fuel for domestic airlines by 330 yuan ($48) a tonne for the first quarter, the China Business News said on Wednesday.

This is the first cut since China introduced a new pricing and tax regime for refined oil products on Jan. 1 that was designed to let local prices move more closely with international rates.

Beijing slashed ex-refinery jet fuel prices by nearly a third, gasoline by 14 percent and diesel by 18 percent on Dec 19 when it announced the pricing and tax plan.

But it did not detail how it set the price other than saying "depending mainly on the changes in international crude oil prices".

The government cut gasoline and diesel prices by a few percent on Jan 15 but did not change ex-refinery jet fuel prices.

Fuel prices paid by airlines, such as China Eastern Airlines and China Southern Airlines Co , are based on ex-refinery prices and CNAF's overall purchasing costs including those imported from overseas markets.

Under a mechanism in place since July 2006, CNAF adjusts jet fuel prices on a quarterly basis, but it is not clear whether such adjustments will accelerate under the new pricing regime.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 23rd, 2009, 04:58 PM   #560
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,955
Likes (Received): 18216

Hainan Airlines expects to report loss for 2008

SHANGHAI, Jan 23 (Reuters) - Hainan Airlines Co , China's fourth-largest carrier said on Friday it expected to report a loss for 2008 because of slumping traffic demand and higher fuel prices during much of the year.

Hainan Air booked a net profit of 651 million yuan ($95.22 million) in 2007.

Air traffic in the country eased significantly, especially in the second half of 2008, as a slowing economy curbed air travel demand.

China's three biggest airlines, including Air China , China Southern Airlines and China Eastern Airlines , had also predicted they would post losses for 2008.

The carriers will issue detailed 2008 financial reports in the coming weeks. ($1=6.837 Yuan)
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote


Reply

Tags
air china, aviation, china, china southern, east asian airlines, guangzhou, hainan airlines, skyteam, star alliance

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 09:27 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

tech management by Sysprosium