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 June 23rd, 2009, 07:28 AM   #641
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Airbus says Chinese bank could provide plane financing
22 June 2009
Agence France Presse

Airbus said Monday it had signed a draft deal with China's ICBC bank under which the bank could provide 3.0 billion dollars (2.2 billion euros) to finance the acquisition of Airbus aircraft by Chinese carriers.

"Airbus today signed a draft agreement with the Industrial and Commercial Bank of China ... covering cooperation in financing and leasing aircraft," the European aircraft manufacturer said in a statement.

It said ICBC subsidiary ICBC Leasing could provide financing covering up to 70 A320 aircraft produced in China over the next five years, a commitment that would be worth 3.0 billion dollars.

On Tuesday, Airbus is scheduled to deliver the first A320 assembled at its factory in China.

The plane, made at a plant in northern Tianjin, the only Airbus factory outside Europe, will be delivered to Dragon Aviation Leasing and will be flown by Sichuan Airlines, a regional Chinese air carrier.

Ten middle-distance A319/320 aircraft will be delivered by the end of the year, before the factory starts to churn out up to four planes a month before the end of 2011.

The Tianjin plant, modelled on Airbus' factory in Hamburg, Germany, has an investment of nearly 10 billion yuan (1.47 billion dollar) and went into operation in September in the presence of Prime Minister Wen Jiabao.

The joint venture factory, about 120 kilometres (72 miles) southeast of Beijing, is 51 percent owned by Airbus, subsidiary of the European group EADS, and 49 percent by a Chinese aviation consortium.
__________________
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 June 23rd, 2009, 04:11 PM   #642
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Author : http://www.jetphotos.net/showphotos.php?userid=1292









__________________
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 June 23rd, 2009, 04:12 PM   #643
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

China East Star Airlines gets offer from investors

SHANGHAI, June 23 (Reuters) - East Star Airlines, a debt-ridden privately held Chinese carrier, said it will sell at least an 85 percent stake in the firm to help it make a comeback.

East Star will get at least 500 million yuan ($73.2 million) from outside investors, led by little known Shanghai Yujie Industry Co, the company said in a statement late on Monday. No timetable or details of other investors were available.

East Star had previously rejected a takeover offer by Air China's state parent, and was grounded by the Chinese aviation regulator in March due to operational difficulties.

The small carrier has filed for bankruptcy protection with a local court in Wuhan, its home base. It has total debt of more than 500 million yuan, Wu Yue, a lawyer hired by the company, told reporters at a news conference.

Its main creditors include the parent of China Aviation Oil (Singapore) Corporation Ltd , Wu said. ($1=6.835 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 June 24th, 2009, 04:33 AM   #644
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Airbus to deliver 1st China-assembled A320 jet this week; plans 10 more this year
22 June 2009
Associated Press Newswires

BEIJING (AP) - European jet maker Airbus says it plans to deliver its first China-assembled jetliner on Tuesday and plans to produce 10 more this year. The plane is the first Airbus assembled outside Europe.

The A320 jet was assembled in Tianjin, east of Beijing, Amelia Xu, an Airbus spokeswoman in Beijing, said Monday. The plane was to be delivered to Dragon Aviation Leasing and operated by Sichuan Airlines in southwestern China, she said.

"We are planning to deliver around 11 A320 jets this year," Xu said.

The aircraft had conducted a four-hour test flight from the Tianjin International Airport on May 18.

China's aviation market is one of the biggest and fastest-growing. Despite financial problems this year for Chinese carriers due to the global slump, suppliers say airlines are expected to need as many as 3,400 new aircraft over the next two decades.

Airbus, a unit of Paris-based EADS, announced plans in 2007 for the Airbus Final Assembly Line China, or FALC, in Tianjin. Airbus says the Tianjin plant will be able to produce four A320s a month.

Airbus holds a 51 percent stake in the plant, a joint venture between Airbus and a consortium that includes China Aviation Industry Corp., the country's biggest aircraft maker, and the Tianjin Free Trade Zone.

------

Associated Press researcher Bonnie Cao in Beijing contributed to this report.
__________________
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 June 26th, 2009, 10:42 AM   #645
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

East Star Air Bankruptcy Application Rejected By Court-Report
26 June 2009

BEIJING (Dow Jones)--East Star Airlines Co.'s bankruptcy application has been rejected by a court in central China's Hebei province because of problems with the application documents, the China Business News reported Friday, citing unnamed sources.

The airline, which filed for bankruptcy at the court in Wuhan on June 22, plans to submit an appeal to the Hubei provincial high court, the paper 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 June 27th, 2009, 06:21 AM   #646
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

By twwong 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 June 29th, 2009, 03:57 AM   #647
staff
囧!
 
staff's Avatar
 
Join Date: Oct 2004
Location: Hong Kong | Singapore | Melbourne | Malmö | Copenhagen | Shanghai
Posts: 10,829
Likes (Received): 717

http://www.chinahospitalitynews.com/...duled-flights/
Quote:
AirAsia To Launch Kuala Lumpur-Chengdu Scheduled Flights

June 29, 2009 | Print | Email Email | Category: Industry News

According to Chengdu Shuangliu International Airport, the Malaysia-based airline AirAsia Berhad will soon launch scheduled flights from Kuala Lumpur to Chengdu and Xi'an.

There will be four flights each week by Airbus A330. The flight will take five hours and 20 minutes from Chengdu to Kuala Lumpur.

AirAsia is the fourth foreign airline to launch scheduled flights in Chengdu — following Asiana Airlines, KLM Royal Dutch Airlines, and Thai Airways International. The flight is expected to enhance the exchange of trade and tourism, and to strengthen the economic development of Kuala Lumpur and Chengdu.

The route was formerly operated by Malaysian Airlines but was canceled in 2006. AirAsia applied for a landing slot in Chengdu at around 14:00, but the specific time has not been approved yet.

In addition, Kunming Airlines will open regular Kunming-Chengdu flights; Spring Airlines has also signed a ground services agreement with Chengdu Shuangliu International Airport.
__________________
staff no está en línea   Reply With Quote
Old June 29th, 2009, 07:01 AM   #648
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Grand China faces pressure to axe HK IPO - paper

HONG KONG, June 29 (Reuters) - Chinese airline company Grand China Air, partly owned by U.S. multi-billionaire financier George Soros, may have to terminate a planned $1 billion Hong Kong listing after two of its sponsors walked away, a newspaper said on Monday.

Joint sponsors UBS and Guotai Junan Capital dropped plans to help Grand China, parent of Hainan Airlines , with the proposed initial public offering due to the company's weak balance, the South China Morning Post reported. Goldman Sachs , a third sponsor, was also likely to leave the syndicate as promoting the issue would be tough in the prevailing environment, the newspaper quoted a source close to the bank as saying.

If the company fails to raise money from the equity market by the end of the year, it could draw market attention to its $1.3 billion debt, due to mature in November.

Money-losing Grand China, which is jointly held by the Hainan provincial government, Soros and HNA Group, mandated the three investment banks to handle the IPO in 2006 and originally hoped to sell shares in 2007.

The three banks declined to comment, the newspaper 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 June 30th, 2009, 03:05 AM   #649
staff
囧!
 
staff's Avatar
 
Join Date: Oct 2004
Location: Hong Kong | Singapore | Melbourne | Malmö | Copenhagen | Shanghai
Posts: 10,829
Likes (Received): 717

http://www.shanghaidaily.com/sp/arti...cle_405838.htm
Quote:
Man takes on airline over food standards

By Angela Xu | 2009-6-30 | NEWSPAPER EDITION

IT was a case of David versus Goliath in a city court yesterday as a 64-year-old man from Jiangsu Province took on China Eastern Airlines.

He is accusing the airline of defrauding consumers by serving inflight food allegedly produced without licenses.

Guo Jinrong has financed the case himself and took China Eastern flights seven times in a bid to collect evidence to support his charges.

He said in his lawsuit in Changning District People's Court that he wanted to alert people about suspect food hygiene and safety on China Eastern planes.

Guo is seeking an apology from China Eastern and about 9,000 yuan (US$1,317) in compensation for travel costs and "investigation fees."

China Eastern said it would cover Guo's costs on condition that he withdrew his charges, but Guo refused.

Guo said that on September 29, 2008, he took China Eastern flight from Shanxi Province's Taiyuan City to Shanghai. He found the bread served had no production date and shelf life on the package. The producer was Taiyuan Aviation Food.

Guo submitted a letter of complaint to the chief steward and returned the bread.

He later took six China Eastern flights from Taiyuan to Shanghai to investigate aviation food conditions.

He found production dates and shelf lives were added to bread packages. The serial numbers of the production license and production standards were also on the packages. The producer had changed to Shanxi Eastern Airlines Food.

Guo said the original Taiyuan firm stopped operations on September 1, 2008. After that, the Shanxi firm made bread and cake without licenses to serve on flights from Taiyuan to 15 cities, he said.

The hearing will continue as China Eastern said it needed more time to verify figures provided by Guo during his lofty period of investigation.
__________________
staff no está en línea   Reply With Quote
Old June 30th, 2009, 03:07 AM   #650
staff
囧!
 
staff's Avatar
 
Join Date: Oct 2004
Location: Hong Kong | Singapore | Melbourne | Malmö | Copenhagen | Shanghai
Posts: 10,829
Likes (Received): 717

http://www.shanghaidaily.com/sp/arti...cle_405854.htm
Quote:
Railway stations all set for takeoff

By Dong Zhenand Zha Minjie | 2009-6-30 | NEWSPAPER EDITION

RAILWAY stations in big cities near Shanghai will soon become check-in points for air travelers under a ground-breaking plan.

The government-supported project aims to lift liaison between air and rail traffic.

Luggage can be left at some out-of-town railway stations that would in a way become remote check-in terminals for Shanghai's Hongqiao and Pudong international airports, according to the project.

Shanghai Airport Authority, the local airport operator, said yesterday that a joint panel from the Shanghai construction and science commissions had agreed on the feasibility of the project steered by the authority.

The authority also said yesterday that some pioneering efforts may kick off before next year's World Expo.

Eight cities - Nanjing, Zhenjiang, Changzhou, Wuxi, Suzhou, Kunshan and Jiaxing, in Jiangsu Province, and Hangzhou in Zhejiang Province - have been targeted as the first in the project, the airport manager said yesterday.

The cities all have busy passenger services with Shanghai by highway, rail and air and are all less than three hours away from the city by any means of transport.

"This situation provides a sound platform for us to step up coordination of air and rail traffic between Shanghai and these cities," Tian Jiuqiang, a Shanghai Airport Authority official, said yesterday.

Some of these cities don't have an airport or their airports do not offer international flights so travelers have to commute to Shanghai carrying burdensome luggage.

"Travelers will be able to review updated flight information at both Shanghai airports, buy air tickets as well as check in and consign their luggage directly at any of the eight railway stations in the near future," Tian said.

"It's common for people from other cities to arrive the night before their flight at Shanghai airports or early in the morning for their evening fight. Trains will ensure timely service compared to road traffic."

The airport operator, while confident of the project's success, is well aware of the challenges ahead.

Tian said many of the railway stations needed a drastic upgrade to their luggage transport, security and Customs facilities to meet airport check-in procedures.

The airport authority has not announced the cost in setting up the system or whether it will receive financial aid from the Shanghai government.
__________________
staff no está en línea   Reply With Quote
Old June 30th, 2009, 06:42 AM   #651
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Shanghai Air sees China Eastern merger plan soon

SHANGHAI, June 30 (Reuters) - Shanghai Airlines expects a detailed plan for a long-anticipated merger with China Eastern Airlines to emerge next month, a senior executive at the airline said on Tuesday.

Shanghai Airlines Chairman Zhou Chi told a shareholders' meeting that the airline would remain an independent entity and retain its brand after becoming a subsidiary of China Eastern, one of China's three major airlines.

Zhou added that the two airlines and the government were still discussing the merger plan.

Shares in the two money-losing carriers, which have been grappling with weak air travel demand as China's economy slowed, were suspended from trading on June 8 as they neared a deal.

The government has been trying to broker a merger since last year, according to sources familiar with the situation, to bolster the position of the two carriers, which hold more than a 50 percent combined share of Shanghai's air passenger market.

Zhou initially told the meeting, in response to questions, that details of the merger were expected to emerge within a month, but later clarified to say within a month of the suspension of the two companies' shares.

Earlier this month, China Eastern Chairman Liu Shaoyong said the two had reached an agreement in principle on major issues for a merger.
__________________
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 June 30th, 2009, 06:51 PM   #652
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Chinese airlines plan to file for resuming jet fuel surcharges

BEIJING, June 30 (Xinhua) – China's major airlines Air China and China Eastern Airlines plan to file for the resumption of jet fuel surcharges after the Chinese regulator announced Monday night to raise gasoline and diesel prices, as well as aviation kerosene prices.

China's National Development and Reform Commission announced Monday to raise gasoline and diesel prices by 600 yuan (about 87.8 U.S. dollars) per ton. It will also lift the ex-factory price for No. 3 jet fuel by 1,030 yuan per ton, or 25.6 percent, to 5,050 yuan/ton, starting from 0:00 a.m. on Tuesday.

The price rise surpassed the aircraft industry's expectations, adding seven billion yuan of cost annually to the industry, an analyst said.

A senior official with Air China revealed that the company hasn't received an official price adjustment notice from the China National Aviation Fuel Holding Co., adding that the company will soon file for the resumption of jet fuel surcharges once it receives the notice.

A senior official with China Eastern Airlines also said during the company's annual shareholders' meeting Tuesday that the company will apply for resuming jet fuel surcharges in an effort to relieve cost pressure. [/b]
__________________
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 July 1st, 2009, 08:09 AM   #653
staff
囧!
 
staff's Avatar
 
Join Date: Oct 2004
Location: Hong Kong | Singapore | Melbourne | Malmö | Copenhagen | Shanghai
Posts: 10,829
Likes (Received): 717

http://www.tradingmarkets.com/.site/...0News/2398163/
Quote:
Two Shanghai Airports Destined to Be Consolidated

Tue. June 30, 2009; Posted: 08:12 AM

SHANGHAI, Jun 30, 2009 (SinoCast Daily Business Beat via COMTEX)
Shanghai International Airport Co., Ltd. (SHSE: 600009) Chairman Yu Yanwu stressed at a meeting that Shanghai Hongqiao International Airport and Pudong International Airport were destined to be consolidated.

But it remains unknown when the two airports are to be integrated in the eastern metropolis of Shanghai, for it will be a long way to get everything done.

As early as December 2003, Shanghai International Airport and its parent Shanghai Airport Authority signed an agreement about asset swap, concerning the Hongqiao airport once under the wing of the listed company and the Pudong airport formerly under the aegis of the parent.

Moreover, they promised not to upgrade or expand the Hongqiao airport so as to increase its passenger handling capacity. However, the airport has had to expand its runways in a bid to widen its throughput, survive fierce competition, and make use of great opportunities.

The Expo 2010 Shanghai China is expected to drive up the air passenger throughput by 15 million, and it will also raise the demand for airfreight service, according to the chairman.

The Hongqiao airport will complete the ongoing expansion at the end of 2009 and accept first check, said Shanghai Airport Authority. The project includes the new western terminal, the second runway, the western cargo area and other supporting facilities.

The internal decoration and the installation of electronic and mechanical devices and equipment have already started by now. The new terminal has a total building area of 364,000 square meters, more than four times of that of the existing terminal in the east. The second runway is 3,300 meters long and 60 meters wide, just aside of the first runway. Three parallel sliding ways, 12 fast-exit sliding ways, and two vertical sliding ways will be completed at that time. Thirteen cargo parking bays, 14 maintenance parking bays, and 64 airliner parking bays will also be constructed in the airport.

Notably, Shanghai International Airport reported operating revenue of CNY 3.3507663 billion for 2008, up 7 percent year on year, and operating profit of CNY 1.0733971 billion, down 45 percent, previous reports said.

The net profit attributable to the parent declined 49 percent to CNY 859.7148 million, or CNY .045 per share. The steep decrease is ascribed to the soaring deprecation, operating cost and financial expenditures when the main body of the expanded section of the Pudong airport was completed and became operational.

The dropping return on the investment in the aviation fuel company of Pudong Airport also pulled down its net profit.

The airport dealt with 5,735 flights, served 28.2357 million passengers, and handled 2.6 million tons of cargos and mails in 2008.
__________________
staff no está en línea   Reply With Quote
Old July 1st, 2009, 09:25 PM   #654
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

DHL to grow mainland network, triple its hubs
1 July 2009
South China Morning Post

DHL, the world's leading logistics company, said it would expand its network on the mainland, betting that China would remain relatively insulated from the global downturn.

The company, a unit of Deutsche Post, said yesterday in Shanghai that it would triple the number of regional hubs in the world's most populous country from five to 15 this year in the face of increasing demand for transport services.

DHL, best known for its express cargo service, is keen to tap the transport sector because "it is a key part of our business", said Victor Mok, executive president of DHL supply chain Greater China operations.

The company's five regional hubs, including a US$25 million facility in Shanghai that was opened yesterday, offer logistics services to its clients.

The other four hubs are in Beijing, Guangzhou, Tianjin and Wuhan.

DHL would not disclose the amount it was investing in the new hubs.

"Mergers and acquisitions [in China] are not our top priority in the near future," said Mr Mok. "But we don't rule out any option. We'll keep an eye on opportunities."

The total revenue of the mainland's domestic road transport sector was US$25 billion in 2007, an IBISWorld report said.

DHL's domestic transport network now covers more than 400 cities on the mainland. It owns more than 440,000 square metres of warehouse space in the country and has more than 3,200 employees.

"We have no choice [but to expand] because our customers are here," said Mr Mok. "There are a lot of favourable situations for companies in China."
__________________
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 July 2nd, 2009, 06:07 AM   #655
staff
囧!
 
staff's Avatar
 
Join Date: Oct 2004
Location: Hong Kong | Singapore | Melbourne | Malmö | Copenhagen | Shanghai
Posts: 10,829
Likes (Received): 717

http://news.xinhuanet.com/english/20...t_11636820.htm
Quote:
China launches first direct flight linking Beijing, Lhasa

2009-07-01 21:51:22

BEIJING, July 1 (Xinhua) -- Air China, the nation's biggest carrier, said Wednesday it will launch the nation's first direct flight between Beijing and Lhasa, the capital city of southwestern Tibet Autonomous Region, beginning July 10 to promote tourism.

The three-hour-fifty-minute flight will be operated by the Airbus A330. Previously, travelers had to transfer through Chengdu, the capital city of Sichuan Province neighboring Tibet. The transfer added two hours to the flight.

CA4122 will leave at 7 a.m. everyday from the Beijing Capital International Airport, and arrive at the Lhasa Gonggar Airport at 10:50 a.m..
__________________
staff no está en línea   Reply With Quote
Old July 2nd, 2009, 05:42 PM   #656
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Source : http://www.pbase.com/fil_images





__________________
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 July 6th, 2009, 07:35 PM   #657
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

China Eastern: restructuring with Shanghai Airlines still under discussion

BEIJING, July 6 (Xinhua) – China Eastern Airlines currently is still under discussion with Shanghai Airlines on the joint restructuring issue, according to an announcement the airlines made on Sunday night.

As uncertainties still remain with the proposals of the joint restructuring, trading of the shares will continue to be suspended in order to avoid fluctuation of the prices, the announcement said.

China Eastern noted that once the relevant matters are confirmed, it will make a timely announcement and resume trading of its shares.

The Chinese airline giant earlier has completed its placement of 1.437 billion H and A shares respectively to its parent company to raise seven billion 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 July 6th, 2009, 07:42 PM   #658
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

Court upholds death sentence on former Chinese airport chief for bribery, embezz

JINAN, July 6 (Xinhua) -- A higher court in east China's Shandong Province on Monday upheld an earlier death penalty for the former chief of the Capital Airports Holding Company (CAH) for bribery and embezzlement.

Li Peiying, 60, former board chairman and general manager of the CAH, was sentenced to death by Jinan Intermediate People's Court on February 10 for taking bribes of 26.61 million yuan (3.9 million U.S. dollars) from 1995 to 2003 and misappropriating 82.5 million yuan for personal use from 2000 to 2003.

Li appealed to Shandong Provincial Higher People's Court after the conviction. The provincial court rejected Li's appeal and upheld the death penalty.

According to law, the death sentence will have to be reviewed the Supreme People's Court before enforced.

The provincial higher court said the amounts involved were extraordinary and Li's crimes had inflicted great economic loss on the country.

It also ordered the confiscation of all his personal property and deprived him of political rights for life.

All the embezzled money had been recovered, the court said.

CAH, under the Civil Aviation Administration of China, is a large state-owned enterprise. It has 30 airports in nine provinces and more than 38,000 staff.
__________________
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 July 6th, 2009, 07:54 PM   #659
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,944
Likes (Received): 18209

China Eastern gets 7b yuan cash boost Parent injects fund in exchange for new shares
6 July 2009
South China Morning Post

China Eastern Airlines said yesterday it raised seven billion yuan (HK$7.94 billion) by selling new shares to its parent to strengthen its balance sheet amid a deteriorating operating environment.

China Eastern Air Holdings, the parent of the carrier, bought 1.43 billion A shares at an offer price of 3.87 yuan each and 1.43 billion H shares at one yuan each.

The airline raised 5.53 billion yuan from the A-share sale and 1.43 billion with the H-share issuance.

The transaction boosted the state-owned parent's holding in the Hong Kong-listed carrier to 74.65 per cent from 59.67 per cent.

The newly acquired shares will not be transferred to third parties within three years following the deal.

The airline said: "The cash injection can help China Eastern Airlines power up its capital reserve, [ensuring] its continuous operating ability in order to go through the current difficulties."

Meanwhile, China Eastern, the third-largest carrier on the mainland, is in negotiations with smaller rival Shanghai Airlines Corp for a possible merger.

Market sources believe the new China Eastern Corp that would emerge will seek either another round of government rescue money, or new funding from international investors or other strategic sources to help the carrier return to profitability.

The new airline was likely to reduce its debt ratio to as low as 85 per cent, which would require 20 billion yuan in fresh capital, market sources said.

The global airline industry has reported either huge losses or big falls in earnings because of weak demand and high fuel costs since the outbreak of the global financial crisis in September last year.

China Eastern Airlines reported a net loss of 13.9 billion yuan at the end of last year, blaming a rapid decline in demand on the domestic air transport market.

The airline maintained high gearing last year with a negative shareholders' equity of 11 billion yuan.

Trading of China Eastern shares has been suspended since June 8, when the stock was last traded at HK$1.74.

The airline is still in talks with Shanghai Airlines and media reports say a potential merger could take place in the form of a share swap at a ratio of 1.3 China Eastern A shares for each share of Shanghai Airlines.

The planned merger has received clearance from the State Council but is still subject to approval by regulators and the shareholders of both companies.
__________________
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 July 8th, 2009, 06:37 AM   #660
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 91,239
Likes (Received): 11281

Air China To Feature Boeing Airplane Health Management On 737 Fleet
July 08, 2009 11:14 AM

KUALA LUMPUR, July 8 (Bernama) -- Boeing and Air China said that the airline will use Boeing's Airplane Health Management (AHM) system to monitor the in-flight condition of its Next-Generation 737 fleet. The agreement covers a total of 117 Air China 737s that are in service and on order.

Air China is Boeing's first Chinese customer for AHM and the 33rd commercial customer overall, Boeing said in a statement issued from Seattle, Wednesday.

Air China will use AHM to gather and evaluate critical real-time in-flight flying condition data, relaying airplane information to ground controllers.

This visibility allows the airline to turn a potentially time-consuming and costly maintenance delay into a well-planned and easily addressable repair. AHM helps minimize or eliminate scheduling problems, benefiting passengers and improving overall airplane availability.

"We expect Boeing's Airplane Health Management to help us in many ways," said Zhong Dechao, deputy chief engineer of Air China. "Air China will benefit with increased airplane availability, maintenance efficiency and economic performance. We are happy that Boeing is our partner."

AHM also supports long-term fleet reliability by helping airlines identify and respond to faults proactively. Fleet-wide history and knowledge from multiple operators is available to help guide repair decisions on same-model airplanes, improving reliability and efficiency.

"Boeing is committed to providing solutions that will help airlines operate efficiently, and AHM is a key tool in that effort," said Dan da Silva, vice president of Sales and Marketing for Boeing Commercial Airplanes Commercial Aviation Services. "This efficiency is a strong driver in Air China�s AHM selection.

"This significant AHM order covering a large Next-Generation 737 fleet is part of our initiative to ensure that the 737 continues to be the most efficient single-aisle airplane available."

Airplane Health Management is a key component in Boeing's larger vision of Lifecycle Solutions -- improving airline efficiency with digital productivity tools, product and industry expertise and the power of aviation's leading integrated supply chain, supporting Boeing airplanes from order placement through retirement.

Earlier this year, Boeing announced Next-Generation 737 performance enhancements, in which Boeing and engine provider CFM are reducing fuel consumption by 2 percent by 2011 through a combination of airframe and engine improvements.

About 450 Next-Generation Boeing 737s are in service with China-based customers.

-- BERNAMA
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey 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 02:29 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