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 January 24th, 2009, 08:44 AM   #561
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

Source : http://bbs.feeyo.com/posts/404/topic-0016-4040624.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

Sponsored Links
Old January 25th, 2009, 05:58 AM   #562
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

China's private airline resumes flights

TIANJIN, Jan. 24 (Xinhua) -- China's first private airline, Okay Airways, resumes operation Saturday morning after suspension of seven weeks.

Its first plane, a Boeing 737-800, took off at 9:00 a.m. from Tianjin Binhai International Airport, carrying 62 passengers to Harbin.

The flight, coded BK2821, is set to make a landing at 10:50 a.m..

Six other flights will also be resumed Saturday.
__________________
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 25th, 2009, 06:10 AM   #563
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

Source : http://bbs.feeyo.com/posts/403/topic-0016-4035899.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 January 25th, 2009, 09:18 AM   #564
UD2
A very cool person
 
Join Date: Jan 2006
Location: Toronto
Posts: 1,294
Likes (Received): 31

I love Air China's livery

image hosted on flickr
__________________
"Every gun that is made, every warship launched, every rocket fired, signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed" - President Eisenhower
UD2 no está en línea   Reply With Quote
Old January 27th, 2009, 08:57 AM   #565
Sen
Registered User
 
Sen's Avatar
 
Join Date: Nov 2004
Posts: 3,644
Likes (Received): 24

All the pictures from first post are taken at some airport in Taiwan..you can see the China Airlines hanger in the background.
Sen no está en línea   Reply With Quote
Old January 31st, 2009, 07:49 AM   #566
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

First China-built Airbus due in July - memo

PARIS, Jan 30 (Reuters) - China's Sichuan Airlines will become the world's first carrier to receive an Airbus built outside Europe when it takes delivery in July of an A320 jetliner assembled in China, an Airbus staff memo said.

Details of the historic delivery, almost four decades after the planemaker was born as a four-nation European consortium, were disclosed to employees in the internal note this week.

It comes as Airbus prepares to sign separate deals with China over investment in its next model, the A350, which will include new carbon materials and will be assembled in France.

Airbus, owned by aerospace group EADS, began assembling some of its older A320 model of jets in Tianjin near Beijing in September from fuselage parts shipped from Europe.

According to the memo seen by Reuters, the Tianjin factory is now full, with four airframes assembled and a fifth in position.

Airbus and U.S. rival Boeing have been turning to Asian markets, led by China, for growth as demand weakens at home.

However, China too is now succumbing to the global economic crisis. In December, Beijing encouraged airlines to cancel or postpone 2009 deliveries due to falling air traffic.

Tianjin A320s are assembled from fuselage parts shipped from factories in France, Germany, Spain and Britain.Airbus aims to reach local Chinese output of four A320s a month by end-2011.

Under pressure over jobs, Airbus says Tianjin will serve the Chinese market and that most construction will remain in Europe.

It says the move will lock in a good slice of the 3,000 new planes Airbus predicts China will need over the next 20 years.

But it faces criticism from European unions who say the move adds to outsourcing fears amid the recession and could result in the loss of European technology to a potential jetmaker rival.

Airbus has suspended plans to lift total A320-family output to 40 planes a month from 36 due to the global economic crisis.

For now its Chinese production plans remain intact. So if the overall output freeze lingers, assembly of up to 4 planes a month could automatically be transferred to China from Europe. However, with the industry in turmoil due to a drop in air travel, Airbus has said it cannot make firm predictions even for 2009. Most analysts expect production to be hit everywhere as the recession bites before rebounding on signs of recovery.

Sichuan Airlines, a mid-sized carrier partly owned by China Southern Airlines, operates more than 130 routes, almost entirely within China, with a fleet of 40 jets.

Details of the first Airbus to be made in China emerged as EADS invited China to produce high-tech materials for its next generation of Airbus, the future mid-sized lightweight A350.

A deal to build a plant in Harbin was due to be signed on a visit to Spain by Chinese Premier Wen Jiabao on Friday.

Another deal is expected as he visits Britain on Monday, when Xi'an Aircraft International will sign a parts manufacturing agreement with Airbus, a person familiar with the transaction said.

Spain has a 5 percent stake in EADS, which is controlled by French and German interests with two factories also in Britain.
__________________
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 February 1st, 2009, 05:38 AM   #567
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

China airline group HNA says expects more government aid

DAVOS, Switzerland, Jan 31 (Reuters) - HNA Group, parent of China's Hainan Airlines Co , is in talks with a number of local governments on steps to help it, potentially including cash injections, its chairman said on Saturday.

HNA Group received a 500 million yuan ($73 million) cash injection from the Tianjin municipal government late last year, making it the third Chinese airline group to receive government aid as the economy slows.

"We expect to get further support from the Hainan provincial government and some other local governments, in line with the central government's programme for supporting domestic demand, but it's not clear yet exactly what kind of support that will be," HNA's Chairman Chen Feng told Reuters.

The moves could include cash injections or favourable policy measures, Chen said in an interview on the sidelines of the annual meeting of the World Economic Forum.

The airline said last week that it expected to report a loss for 2008 because of slumping traffic demand and higher fuel prices during much of the year.

China's three biggest airlines -- Air China , China Southern Airlines and China Eastern Airlines -- have also warned of losses for 2008.

Chen expects passenger traffic and freight volume at Hainan Airlines, China's fourth-largest carrier, to both grow by at least 15 percent this year, Chen said, after a tough 2008.

To cut costs, Hainan Airlines laid off over 1,000 people last year, including by not renewing contracts and streamlining its management structure, Chen said.

Management had also taken a 30 percent pay cut, he said, adding that it was not clear yet whether it would lay off more people this year.

The company is in talks with aircraft makers on delaying delivery of some aircraft it had previously ordered, but it might still have to take delivery of 10 to 20 mid- and large-sized aircraft this year, Chen said.

"Those that we can delay, we'll try our best to delay. But we'll have to take some," he 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 February 1st, 2009, 01:42 PM   #568
zergcerebrates
Registered User
 
zergcerebrates's Avatar
 
Join Date: Jan 2004
Location: Guam,Los Angeles
Posts: 2,287
Likes (Received): 62





Source: Airliners.net

Last edited by zergcerebrates; February 2nd, 2009 at 08:43 AM.
zergcerebrates no está en línea   Reply With Quote
Old February 2nd, 2009, 05:52 PM   #569
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

By holup from HKADB :

















__________________
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 February 3rd, 2009, 12:26 PM   #570
hkth
Registered User
 
Join Date: Sep 2005
Posts: 2,404
Likes (Received): 25

Xinhua News:
China-assembled A320 to take off in May
__________________
A Hong Kong Guy who was born in HK!
hkth no está en línea   Reply With Quote
Old February 3rd, 2009, 05:45 PM   #571
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

China Eastern may take three years to be profitable: chairman
3 February 2009
Agence France Presse

The new chairman of China Eastern warned Tuesday the struggling airline, the country's third-largest, may take up to three years to become profitable again.

Chairman Liu Shaoyong would not confirm reports of possible merger talks with Shanghai Airlines but told reporters that they were "not a bad thing" and that his company was "open to tie-ups and mergers."

Liu said the airline was likely to continue losing money in 2009, after it warned last month that a "significant loss" for 2008 was expected due to fewer passengers and bad bets on fuel hedging contracts.

"The company aims to break even or be slightly profitable next year, I am confident that the company will become profitable by the third year," Liu said.

He spoke after a board meeting to approve his appointment as chairman.

"Our revenue has failed to match our expenses," Liu told reporters. "The target for 2009 is to substantially stem losses," he said.

President Ma Xulun said the airline would cut at least three billion yuan (438.6 million dollars) in spending, in part by scaling back expansion plans.

He said the carrier would introduce only 13 new planes in 2009 -- less than half originally planned.

The airline has discussed with suppliers, including Airbus and Boeing, about delaying the delivery of the 16 other planes, Ma said.

The carrier faces an unaudited loss of about 6.2 billion yuan alone due to fuel hedging contracts, the carrier said in a statement to the Shanghai Stock Exchange.

Liu said the risks of further losses from fuel hedging contracts would be lower for 2009.

He also said the airline was hoping for more emergency funds from the government in addition to a seven-billion-yuan capital injection Beijing promised in December.

China Eastern also received a 5.6-billion-yuan short-term loan from its state-run parent last month and had a 20-billion-yuan line of credit with banks, the executives said.

The airline plans to spin off its Yunnan operations as a separate company in which it will maintain a controlling stake, the executives said. It will also sell some of its stake in regional carrier Joy Air to its joint venture partner, Aviation Industry Corp of China, they added.

The airline posted a loss of 2.3 billion yuan for the first three quarters of 2008 and is expected to announce its full-year results in mid-April. The airline posted a profit of 586 million yuan in 2007.
__________________
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 February 4th, 2009, 07:52 AM   #572
Леонид
Espartano
 
Леонид's Avatar
 
Join Date: Jan 2008
Location: A world around - here & there
Posts: 1,806
Likes (Received): 878

why is China Airlines not in this thread??
Леонид está en línea ahora   Reply With Quote
Old February 4th, 2009, 03:59 PM   #573
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

Imminent China airline sector overhaul unlikely-exec

SHANGHAI, Feb 4 (Reuters) - A major restructuring of China's loss-making airline industry is unlikely in the near term as the government has more urgent issues to tackle, a senior Chinese airlines executive said on Wednesday.

Liu Shaoyong, chairman of China Eastern Airlines , said China should set up a state-owned company which will then hold stakes in its three biggest carriers to improve their synergies and global competitiveness.

China Eastern Airlines, China Southern Airlines and Air China , are the country's three biggest carriers. All have warned of losses for 2008 largely due to slowing air traffic demand amid the global economic slowdown.

"The big three are competing fiercely with each other and yet they are all controlled by the same boss SASAC. That is a huge waste of resources," Liu told Reuters in an interview.

He was referring to the State-owned Assets Supervision and Administration Commission, the ultimate owner of all Chinese state firms.

Liu said he had submitted a proposal to the government during the annual parliamentary meeting in March 2008, but any drastic industry restructuring was unlikely in the near term.

"Personally, I think the current industry structure will remain intact for quite some time as the government needs to handle unexpected situations currently," he said.

China's economic growth slumped to 6.8 percent in the last quarter, dragging down the pace of expansion for all of 2008 to a seven-year low of 9.0 percent as the full force of the global financial crisis struck home.

Chinese premier Wen Jiabao had in January called for prompt action in the first three months of the year to stop the slowdown in the economy.

Sources told Reuters the Chinese government was discussing the possibility of brokering a merger of Shanghai-based China Eastern and its smaller peer Shanghai Airlines .

Liu called the proposed merger a "good move", but said the airlines themselves had not held any discussions on equity ties so far.
__________________
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 February 5th, 2009, 09:43 AM   #574
UD2
A very cool person
 
Join Date: Jan 2006
Location: Toronto
Posts: 1,294
Likes (Received): 31

Quote:
Originally Posted by Леонид View Post
why is China Airlines not in this thread??
That answer can become very complicated and difficult.

Somthing to do with politics....

But i think it should be apart of this thread. Even if it is based in Taiwan, because after all... it's a province of the People's Republic... correct?

Oh the otherhand, this track record of this piece of $(%* airline is .... well... @*$&.


__________________
"Every gun that is made, every warship launched, every rocket fired, signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed" - President Eisenhower
UD2 no está en línea   Reply With Quote
Old February 7th, 2009, 03:00 PM   #575
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

FedEx winds down Asian hub operation in the Philippines, transfers to China
6 February 2009

MANILA, Philippines (AP) - FedEx began winding down its Asian hub in the Philippines and shedding 800 staff Friday as the U.S. courier giant started full operation of a new regional facility in China, an official said.

Arman Areza, administrator of the Subic Bay economic and tourism zone where FedEx has been based for nearly 14 years, said the company will for now keep a skeleton operation in Subic as a back up to the $150 million hub in Guangzhou in southern China.

Memphis, Tennessee-based FedEx has said the Subic facility may finally close in April after which it has the option to renew its lease on a monthly basis, he said.

The closure of FedEx's operation comes in the wake of an announcement by Intel Corp. last month that it will let go 1,800 workers later this year when the company shuts down its 35-year-old operation in the Philippines amid waning global demand for computers.

Areza said the decision to shift the hub to China was made in 2005 and was based on "market reality" -- the large cargo volume in China -- not on Subic being unable to meet the requirements of FedEx or the current global slump.

"The move has nothing to do with the financial crisis," Areza said.

"The volume and market conditions favored China because the volume in China dwarfed those in Southeast Asia, and China has opened the domestic market to FedEx," he said.

Subic, 50 miles (80 kilometers) west of Manila, was converted from a sprawling U.S. naval base into an economic zone after U.S. forces left in 1992.

The Philippine government will lose 150-160 million pesos ($3.15-$3.37 million) annually in landing, parking and warehousing fees it has been collecting from FedEx since it started operating the Subic hub in September 1995, said Areza.

He said about 800 workers of FedEx and its subcontractors will be affected. He said he expects the highly skilled workers can easily find jobs elsewhere in the economic zone.

Dozens of workers showed up before dawn Friday at the former hub to wave goodbye to one of the last FedEx planes to fly out of Subic.

"Even if the economy is doing well ... it's never a good time if a company as big as FedEx (leaves). We are sorry to see them go," Areza said.

FedEx officials were not immediately available for comment.
__________________
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 February 9th, 2009, 11:38 AM   #576
Go Ahead Eagles
Registered User
 
Go Ahead Eagles's Avatar
 
Join Date: Nov 2007
Location: Deventer
Posts: 4,071
Likes (Received): 1172

China Eastern outlines plans to cancel and delay aircraft


The president of loss-making China Eastern Airlines says the airline is to delay or cancel about half of the 29 aircraft it is due to receive from Airbus and Boeing this year. China Eastern has already been losing millions and recently received a financial bail-out from the Chinese government.

Flight International understands that China Eastern is only due to take narrowbodies from both airframers this year, with the split roughly even between the two suppliers.

China Eastern president Ma Xulun also says that the airline has reached an agreement with China Aviation Industry Corporation to cut its 40% stake in regional start-up Xingfu Airlines. Xingfu is due to launch operations this year using Xian MA60s and is expected to lose money initially.

__________________
It is better to be hated for what you are than to be loved for what you are not.
CRK,318,319,320,321,332,333,388,732,734,737,738,739,77E,763,773, 77W, 744.
Go Ahead Eagles no está en línea   Reply With Quote
Old February 15th, 2009, 04:35 PM   #577
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

Passenger traffic surges 17.6pc on earlier holiday
14 February 2009
South China Morning Post

Mainland carriers saw a substantial rebound in passenger traffic last month, thanks to an earlier Lunar New Year and cheaper air tickets.

Air China, China Southern Airlines, China Eastern Airlines Corp and other carriers carried 17.48 million passengers last month, up 17.6 per cent from a year earlier, the Civil Aviation Administration of China (CAAC) said on its website yesterday.

The fact the Lunar New Year fell in January this year compared with February last year contributed to the surge in passenger traffic. A fair comparison of traffic should take into account the February traffic figure this year.

A fierce price war among mainland carriers, flooding the market with deep discounted air fares, also lifted demand.

Domestic traffic increased 21.3 per cent to 16.27 million passengers. Regional traffic, or routes bound to Hong Kong and Macau, rose 11.8 per cent to 456,000.

China Eastern previously posted a 9.8 per cent increase in passenger numbers last month over the same period last year, while China Southern saw a 16.2 per cent surge in passenger traffic.

International traffic and cargo volume, however, did not benefit from the week-long festival holiday.

International traffic remained lukewarm as the global economic downturn suppressed overseas business as well as discretionary traffic. Cross-border traffic decreased 16.6 per cent to 1.2 million passengers.

Cargo volume fell 28.5 per cent to 264,000 tonnes.

China Eastern and China Southern both said their cargo volume dropped one-third year on year last month.

In light of the surge in passenger numbers and a decline in jet-fuel prices, mainland carriers could have returned to the black last month, said CAAC. However, it was too early to predict a recovery in passenger traffic as the figures were partially distorted by the earlier Lunar New Year holiday, said Kelvin Lau, transport analyst at Daiwa Institute of Research.

As of the end of November, mainland carriers incurred more than 7 billion yuan (HK$7.94 billion) of losses in aggregate last year.
__________________
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 February 27th, 2009, 02:40 AM   #578
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

China Eastern agrees to sell 35 pct of Joy Air

SHANGHAI, Feb 26 (Reuters) - China Eastern has agreed to sell a 35 percent stake in regional carrier Joy Air Co Ltd to Aviation Industry Corp of China (AVIC), China Eastern Chairman Liu Shaoyong said on Thursday.

AVIC, a state-owned aircraft maker, owns a majority of Joy Air, which is capitalised at 1 billion yuan ($146.3 million), while China Eastern holds a 40 percent stake.

Company sources had said China Eastern, one of the country's three biggest airlines, wanted to sell a roughly 30 percent stake in the regional carrier to bolster its strapped finances.

Liu was talking to reporters after a shareholders meeting. ($1=6.836 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 March 2nd, 2009, 01:19 PM   #579
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

Air China chairman: can't be certain of profit in '09

BEIJING, March 2 (Reuters) - Air China Chairman Kong Dong said on Monday it was uncertain whether the country's flag carrier could turn a profit in 2009 and the time was not right for large airline acquisitions in China.

"I can't be certain of profit this year," Kong said.

The aviation industry was going through its worst winter and there was no sign of improvement in the global economic situation, he told reporters in a briefing.

"I can't be optimistic about this year," he said. However, Kong said he had confidence the government's policies -- including the 4 trillion ($585 billion) stimulus package -- would help the economy reach the targeted 8 percent growth this year.

Kong also said Air China would seek compensation from U.S. aircraft manufacturer Boeing for delays of its new 787 Dreamliner, which was about two years behind schedule.

China Eastern Airlines , China Southern Airlines and Air China are the country's three biggest carriers and have all warned of losses for 2008 due to slowing air traffic amid the global recession.

The airlines are seeking government aid, sources have told Reuters, but China Eastern's chairman said that a major restructuring of the industry was unlikely any time soon. [ID:nSHA18085]

China National Aviation Holding Company, state-owned parent of Air China, hopes to receive government aid but the group can survive without any aid, said Kong, who is also the president of the parent firm.

"I am hoping for government support," he said. "But if the government can't provide that support, Air China will be able to get by."

Kong said Air China had the healthiest balance sheet and the best brand name in the mainland, putting it in the strongest position to survive the global recession.

China National Aviation will soon acquire East Star Airlines, a small private carrier with just nine planes based in the central city of Wuhan, he added.

Shares of Air China closed down 6.2 percent at HK$1.98 in Hong Kong on Monday, underperforming a 4.6 percent drop in the index for major Chinese companies listed in Hong Kong <.HSCE>. ($=6.84 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 March 6th, 2009, 07:46 PM   #580
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,962
Likes (Received): 18222

Hainan Airlines upbeat on returning to profit in '09

BEIJING, March 5 (Reuters) - Hainan Airlines Co , China's fourth-largest carrier, is confident it will return to profit in 2009, Group Chairman Chen Feng said on Thursday.

The carrier said in January that it expected to report a loss for 2008 due to slumping traffic demand and higher fuel prices, but Chen told reporters on the sidelines of China's National People's Congress the loss was "not that much".

The company will take various measures to cope with the impact of the global financial crisis, he 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


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 04:40 AM.


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