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Old November 15th, 2009, 08:37 PM   #721
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China Southern has outdone themselves! What a great plane!
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Old November 22nd, 2009, 05:59 PM   #722
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Old November 24th, 2009, 07:08 PM   #723
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China Eastern prepares for pressure from high-speed railway transport

BEIJING, Nov. 24 (Xinhua) -- China Eastern Airlines (CEA.NYSE; 00670.HK; 600115.SH) is studying how to deal with the huge impact on the aviation industry by high-speed railways, and the possibility of cooperation between the two exists, Ma Xulun, general manager of China Eastern, noted in Shanghai on Tuesday.

Ma said that the operation of high-speed railways is greatly challenging to the domestic commercial aviation industry. High-speed railway travels of distances shorter than 1,000 kilometers have strong competitiveness with air transport, Ma said.

China Eastern will adjust flight routes that overlap with high-speed railway lines in the future. In the next step, it will endeavor to explore international flight routes where high-speed railways cannot go, disclosed Ma.

Ma noted that the possibility for China Eastern to cooperate with high-speed railways to develop a combined land and air transportation network has not been ruled out, as successful cases of such joint operations exist overseas.
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Old November 25th, 2009, 04:44 PM   #724
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Old November 30th, 2009, 06:02 PM   #725
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Old November 30th, 2009, 06:07 PM   #726
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China stock regulator OKs China Eastern merger plan
30 November 2009

SHANGHAI, Nov 30 (Reuters) - China's stock regulator said on Monday it had approved an application by China Eastern Airlines to merge with smaller rival Shanghai Airlines .

A brief statement by the China Securities Regulatory Commission on its website, www.csrc.com.cn, said the approval was "conditional" but it did not say what were the conditions or give other details.

China Eastern Airlines, the country's third-most valuable airline, said on Sunday it had won regulatory approval for a share placement in Hong Kong, pushing it a step closer for its state-backed merger with Shanghai Airlines, which is set to be completed by the end of this year.

China's airlines faced strong headwinds last year as a slowing economy hit demand for air travel, pushing the three biggest carriers into a combined loss of more than $4 billion and prompting Beijing to provide big cash infusions to some firms.

But domestic air traffic in China has resumed its normal growth pattern this year as Beijing's aggressive economic stimulus lifted consumer confidence. (1=6.83 Yuan)
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Old December 2nd, 2009, 12:44 PM   #727
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Shenzhen Airlines Confirms Investigation Of Executive
1 December 2009

HONG KONG (Dow Jones)--Shenzhen Airlines Co. said Tuesday senior consultant Li Zeyuan is under police investigation for suspected economic crimes, a matter that may give Air China Ltd. (0753.HK) an opportunity to increase its stake in the privately owned carrier and improve its own competitiveness.

At 0721 GMT, Air China's Hong Kong-listed shares were up 8.9% at HK$6.09 on the development. Its Shanghai-listed shares ended up 4.6% at CNY8.95.

An official at Shenzhen Airlines, which is 25%-owned by Air China, said the carrier is operating normally and has taken measures--with support from the government--to ensure it continues to do so. The official who asked not to be named declined to elaborate.

Chinese media reports say Li has de-facto control over Shenzhen Airlines through his investment firm, Huirun Investment Co., which partnered with Beijing-based Bright Oceans Corp. in 2005 to buy a 65% stake in the airline from the Guangdong provincial government's investment company.

The Shenzhen airline, founded in 1992, is China's largest unlisted carrier in terms of assets, with around CNY20 billion, according to the airline's Web site. It operates a fleet of more than 80 passenger and cargo aircraft and has joint ventures with Lufthansa Cargo AG and Mesa Air Group Inc. of the U.S.

Tuesday, the National Business Daily cited an unnamed source as saying Air China had begun to look at ways to help stabilize the smaller carrier. Air China couldn't immediately be reached for comment.

In a research note Tuesday, Citigroup analyst Ally Ma said if Beijing-based Air China takes control of Shenzhen Airlines, the flag carrier 'could elevate its competitiveness to an unprecedented level.'

It could boost its scale and catch up with the merged China Eastern Airlines Corp. and Shanghai Airlines Corp., she said.

According to the Citigroup report, Shenzhen Airlines had a 2008 net loss of CNY445 million, and carried 12 million passengers last year.
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Old December 11th, 2009, 06:25 PM   #728
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Embraer signs $2.2 bln loan deal with Chinese bank

SAO PAULO, Dec 11 (Reuters) - Brazil's Embraer , the world's third largest aircraft maker, has signed an agreement with CDB Leasing Co worth $2.2 billion over three years to help finance the sale of regional jets in Asia.

CDB Leasing, a unit of state-owned China Development Bank (CDB), will provide funding to airlines in China and Asia and may also buy jets directly from Embraer, the Brazilian company said on Thursday.

"The deal is designed to enhance financing opportunities for acquiring Embraer aircraft in the People's Republic of China and abroad, focusing on developing regional aviation in China," Embraer said in a statement.

CDB Leasing has helped fund the purchase of more than 40 aircraft, Embraer said.
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Old December 11th, 2009, 06:37 PM   #729
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Old December 16th, 2009, 05:53 PM   #730
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Old December 19th, 2009, 06:33 AM   #731
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Analysis: China's civil aviation industry optimistic for 2010
18 December 2009

BEIJING, Dec. 18 (Xinhua) -- China's civil aviation industry has presented a constant recovery, with passenger transportation on international routes gradually rising and cargo transportation witnessing a remarkable rebound in November. The industry boasts an optimistic outlook for 2010, analyst pointed out.

-- High operational data in Nov.

China's civil aviation industry achieved high operational data in November, despite the month falling within its traditional low season.

Air passenger transportation in November continued to grow quickly on domestic routes and international routes. It carried a total of 19.583 million person-time passengers in November, up 18.1 percent year on year. A total of 18.311 million and 1.272 million person-time passengers were carried on domestic and international routes, up 18.6 percent and 11.8 percent year on year, respectively.

The industry's passenger load factor marked at 78.2 percent, up 3.5 percentage points from the same period last year, and above the 77.7 percent for the same month of 2007.

The cargo load factor reached 71.2 percent in the month, registering a year-on-year rise of 6.8 percentage points.

-- Limited influence from jet fuel import duty hike

China will raise its 2010 jet fuel interim import duty to 6 percent, climbing back to its mid-2006 level and well above the current 1 percent, according to the Ministry of Finance's announcement published on Wednesday.

But according to a new pegging mechanism for jet fuel prices and fuel surcharges which took effect on November 14, Chinese airline companies will be allowed to transfer the rising cost brought by the price hike of jet fuel oil by raising jet fuel surcharges, analysts pointed out.

Along with the rising demand of China's civil aviation industry in 2010, some 80 percent of the risen jet fuel costs will be passed along by raising jet fuel surcharges under the pegging mechanism. The import duty hike of jet fuel is predicted to only cut EPS by about 0.01 yuan for China Southern, Hainan Airlines, and China Eastern. Therefore, the influence on Chinese airlines from the jet fuel import duty hike is deemed to be limited.

-- Optimistic for 2010

The industry is expected to further vitalize in 2010. Its growth of demand is predicated to exceed supply, which will push up the passenger load factor and ticket price beyond their peak level in 2007.

Meanwhile, the healthy supply and demand equilibrium, the resumption of jet fuel surcharges, and airlines' improved jet fuel hedging will cover the oil price rise in 2010. The industry's main operating profitability is also expected to achieve a remarkable growth in the year.
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Old December 22nd, 2009, 10:08 AM   #732
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Airlines gear up for more Vancouver-Beijing flights
Canada's Approved Destination Status means up to 14 flights per week

Vancouver Sun
21 December 2009

News that Canada will soon be greeting more tourists from mainland China has the local tourism industry dusting off plans that, for many years, had been put on hold.

Now that the Chinese government has finally granted Canada so-called Approved Destination Status, companies here are relaunching Chinese-language websites and again bandying around tips about the sightseeing and eating preferences of Chinese tourists.

The goal, according to Tourism Vancouver, is to court at least a 50-per-cent increase in the number of Chinese visitors by 2015.

To see how ADS might mean more than just translating materials and stocking hot water for tea, meet Rever He, a Vancouver-based general manager at Air China, China's state-owned, flagship carrier.

Starting in June 2010, Air China will add three more Vancouver-Beijing flights per week, going from seven to 10. By the end of the year, or in early 2011, He expects to jump from 10 to 14 flights per week, basically operating twice daily.

"We started the process of applying for this before the ADS announcement. Now, with ADS, we are filled with new confidence," he said.

It's a doubling in flights that puts Air China up there to match Cathay Pacific Airways service from Vancouver to Hong Kong. Cathay now flies twice daily, connecting to more than 16 cities in mainland China via its sister airline, Dragonair.

Cathay spokesperson Jennifer Pearson said that from end of March 2010, the number of seats on this route will grow by about 300 per week because one flight will be aboard a larger aircraft. "This is based on increased demand, but the timing couldn't be better with the welcome news of ADS," she said.

Presently, Air China's flights from Vancouver to Beijing leave in the afternoon, but it is trying to schedule all its new flights as midnight departures, which are the most convenient for Pacific-crossing business travellers. They can finish the day in Vancouver, jump on board, sleep and arrive in Asia in time for the morning's first coffee break, or to easily catch a connecting flight to elsewhere in China or Southeast Asia.

Again, it's a strategy that very much echoes what Cathay has successfully offered for years.

Which is all to suggest that there is a coming of age of sorts in Air China's service to Canada.

Airlines don't publicly discuss competing with each other. They usually politely talk about offering their own customers more options, better flexibility.

But it's not a bad guess that as traffic to and from mainland China increases, a new, well-trodden path will emerge, different from the one that has for decades carried people and, along with them, trade and investment from Asia to B.C.

Instead of coming via Hong Kong in southern China, there will now be more capacity to reach Vancouver out of Beijing in the north, according to He of Air China. Depending on where passengers are coming from or going to in China, flying via Beijing, rather than Hong Kong, can be faster by several hours, he said.

Pearson of Cathay believes that "China is a vast market, and with ADS there are virtually no limits to growth. Any increase in travel between the two countries will ultimately benefit the industry and there is room for a number of airlines.

Clearly, Cathay Pacific's Hong Kong hub is a good option for those travelling to/from southern China, plus Dragonair's 16-city China network is so extensive that it will draw travellers from many other parts, too."

ADS is one milestone, but now He said Air China is also focused on "TWOV" or "transit without a visa." He argues that if the Canadian government allowed U.S.-bound Chinese tourists to land in Vancouver without visas, Air China could significantly boost traffic through the airport here. (He said, for example, that Canadians going to China can stay in Beijing for 24 hours and in Shanghai for 48 hours, in transit, without a visa.)

"It's still not very open here. More people would fly through here before going to the U.S.," said He.

For the time being, He hopes that in planning for ADS, the local tourism industry will think beyond what to do with hotels and attractions. He points out, for example, that renting a car remains an arduous process for travellers from mainland China.

"In European countries [some of which have had ADS for many years], it is easier to get around relying on public transportation. In North America, this isn't always the case, and yet, it's a pain for us to rent a car here even if we have driven for many years."
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Old December 29th, 2009, 07:37 PM   #733
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China Eastern Airlines buys 16 Airbuses to add 19.52 pct capacity

BEIJING, Dec.29 (Xinhua) – China Eastern Airlines (CEA.NYSE; 00670.HK; 600115.SH) signed an agreement with Airbus on Monday to purchase 16 Airbus A330 aircraft.

This aircraft purchase will enable China Eastern to add a transportation capacity of about 19.52 percent, calculated by its ATK (available tonne-kilometre) by Dec.31 of 2008.

The basic price of the 16 Airbuses totaled about 2.599 billion US dollars, which will be paid in cash by installments, the company said in an announcement Tuesday.

China Eastern noted that it plans to provide capital for this aircraft transaction with commercial bank loans. It will raise the debt ratio of the company in short term, but as the purchase is paid by installments, it is expected not to cast material influence on its cash status and operation.

The ordered aircraft will be delivered to China Eastern in batches during 2011-2014.
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Old January 18th, 2010, 09:23 AM   #734
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Nagqu to build world highest airport

An airport located at the 4,436 meters above the sea level will be built up in Nagqu, according to Xu Bo, director of Tibet Civil Aviation Authority.

By then, the Nagqu Airport will become the highest airport in the world which is 102 meters higher than the Bamda Airport in Chamdo, at an elevation of 4,334 meters (14,219 ft).

Nagqu airport with an investment of 1.8 billion yuan, total area of 3,500 mu to 4,000 mu will be built in Dagring County and the construction will start in 2011 and to be completed in three years.

In future, the Nagqu airport, Qinghai-Tibet Highway, Qinghai-Tibet Railway and Nagqu Logistics Center will play an active role in speeding up the economic zone construction and promoting the economic development in Tibet.
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Old January 18th, 2010, 05:29 PM   #735
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China Eastern Airlines:Eyes Profit For 2009 Financial Result
17 January 2010

HONG KONG (Dow Jones)--China Eastern Airlines Corp.(CEA, 0670.HK) said Friday it expected to see profit for 2009 financial results due to the recovery of the aviation industry, the drop of fuel cost and the support of the government's policies.

The Shanghai-based carrier didn't specify the figure but its net profit for 2008 was CNY13.93 billion (US$2.04 billion).
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Old January 18th, 2010, 05:34 PM   #736
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Old January 28th, 2010, 04:57 PM   #737
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China plans $5.9 bln industrial zone for aviation

BEIJING, Jan 28 (Reuters) - An ambitious 40 billion yuan ($5.9 billion) industrial zone for aircraft parts is being planned in South China to produce up to a quarter of the supply for big Chinese planes, a provincial official said on Thursday.

Jiangxi province has begun seeking investors, including foreign firms, for the 25 square-kilometre zone with an eye toward breaking ground in two years, Yao Mugen, director of the provincial Development and Reform Commission, told Reuters.

The province will draw on talent from an aviation research institute and two universities plus interest among three local aircraft manufacturers, Yao said.

Output could equal 25 percent of all parts made in China for large Chinese aircraft, he said.

"Jiangxi is now designing a big national aircraft production base drawing on the province's infrastructure and advantages to develop the aviation parts industry," Yao said in an interview.

The 40 billion yuan would cover the zone's infrastructure and equipment for manufacturers, he said.

The province is talking to aircraft manufacturing giant Boeing about an investment in the zone, Yao said. Boeing already makes 747-8 commercial airliner parts in Jiangxi, the company's China spokesman Wang Yukui said.

China, like other countries, is keenly interested in aviation in part because of the large impact airplane exports can have on a nation's balance of trade.

Beijing has declared its goal to manufacture large passenger jets with more than 150 seats and freighters capable of handling more than 100 tonnes of cargo, with the explicit aim of taking on Boeing and Airbus.
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Old February 11th, 2010, 07:35 AM   #738
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Air China To Buy 20 Airbus A320 Planes
10 February 2010

SHANGHAI (Dow Jones)--Air China Ltd. (0753.HK), one of China's top three air carriers, said it has agreed to buy 20 Airbus A320 planes to expand its fleet to meet growing demand.

The jets' combined list price is US$1.6 billion, but the actual purchase price is lower than that, Air China said in a statement Wednesday, without providing the figure.

The planes are due to be delivered in stages between 2011 and 2014, the statement said.

'The transaction will strengthen the fleet capacity of the company with an increase of 5%,' Air China said.

'In particular, the transaction will mainly support hub-building in Chengdu and expand the fleet capacity of the company in southwestern China while supplementing, to an appropriate extent, the flights in eastern China,' it added.

Air China said it will mainly use its own working capital and bank loans to finance the purchase.
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Old February 21st, 2010, 04:32 PM   #739
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Old February 25th, 2010, 08:49 AM   #740
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China to get biggest share of new flights on Narita airport
23 February 2010
Kyodo News

TOKYO, Feb. 23 -- China will be allocated the highest number of 14 flights a week out of a total new 96 flights per week to be granted to foreign airlines at Narita airport near Tokyo now that the airport's extended runway is in full operation, officials with Japan's transport ministry said Tuesday.

Tokyo wants to cement ties with China in light of its burgeoning economic growth as part of its effort to boost the annual number of foreign visitors to Japan including those traveling on business to 25 million by 2019.

If the plan by the Ministry of Land, Infrastructure, Transport and Tourism goes through, the total flights to be operated by Japanese and Chinese airlines between Narita airport and China will increase by 28 a week.

The ministry intends to negotiate the matter with the Chinese aviation authority in talks to be held by this summer, the officials said.

The ministry has already decided to grant 10 flights a week each to Vietnam, India and the United Arab Emirates, seven each to Qatar and Germany, five to the Netherlands and four each to Egypt and Italy.

No additional flights will go to the United States, which means the country will account for 25 percent of total landing-takeoff slots at Narita, down from the current 28 percent.

The airport's second runway, which had been extended, began full operation last October. As a result, the annual number of landings and takeoffs at the airport is due to increase to 220,000 from the current 200,000 on March 28,

The ministry also said Tuesday it has licensed Shandong Airlines Group Co. to fly between Kansai airport in Osaka and Jinan, the capital of China's eastern province of Shandong from March 2.

In the Chinese air carrier's first regular service linking Japan with China, one flight each will be operated on Tuesdays and Saturdays, using Boeing 737 aircraft and on a code-sharing basis with Air China Ltd., an arrangement allowing the latter firm to sell tickets on the new Shandong Airlines flights.
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