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Old March 6th, 2011, 04:32 PM   #961
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China Eastern Air sees profit hit by high oil prices

BEIJING, March 4 (Reuters) - China Eastern Air Holding, the parent of China Eastern Airlines , expects lower profit this year due to high oil prices, said Li Jun, the holding company's deputy general manager.

"This year is not going to be better than last year. The impact of volatile oil prices will be large," Li told Reuters in Beijing on the sidelines of a meeting of the advisory body to the Chinese parliament.

"2010 was the best year in China Eastern's history. China's economy recovered very quickly and we had the World Expo," he said.

The Shanghai World Expo drew 72 million tourists to the city last year -- a record for the world fair which has in recent years largely dropped off the world's radar.

Cargo and passenger traffic will grow at a slower rate of about 12 percent this year from more than 20 percent in 2010, Li said.

Fuel accounts for 40 percent of China Eastern Air's total costs, Li said.

Shanghai-based China Eastern is one of China's top airlines with a quarter of the market.

China's plan to build more high-speed trains linking its major cities will not have any major impact on the airline business, said Li.

China will open its $33 billion high-speed rail link between Beijing and Shanghai in June, state media reported in January, cutting the journey between the two cities in half to less than five hours.

Both the high-speed rail and the airline sectors are in the growth stage and the airline industry in China still offers tremendous growth potential, said Li.
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Old March 8th, 2011, 04:55 PM   #962
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Quote:
Air China to buy five Boeing 747-8 planes

By MarketWatch
SHANGHAI (MarketWatch) -- Chinese flag carrier Air China Ltd. (0753.HK) said Tuesday it signed an agreement with Boeing Co. /quotes/comstock/13*!ba/quotes/nls/ba (BA 71.68, +0.80, +1.13%) to buy five 747-8 aircraft that will expand its fleet capacity by 6.6%.

Air China said in a statement the planes' combined list price is around US$1.54 billion, but it didn't disclose the actual purchase price. The company added that Boeing had granted it "significant price concessions."

The Chinese carrier said it expects to take delivery of the planes from 2014 to 2015.

http://www.marketwatch.com/story/air...nes-2011-03-07
747-8 Intercontinental in Air China livery



Source:http://boeing.mediaroom.com/index.php?s=13&item=1415
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Old March 8th, 2011, 05:02 PM   #963
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Old March 11th, 2011, 04:13 AM   #964
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China says eyes 2,100 new aircraft in coming five years
8 March 2011

HONG KONG, March 8 (Reuters) - China expects to order 1,100 new transport aircraft and 1,000 general aviation aircraft in the next five years as demand for air services grows in the world's second-largest economy, a government official said.

Wang Changshun, vice minister of the Civil Aviation Administration of China, said on Tuesday that, in line with China's recently announced five-year development blueprint, the additional aircraft were needed because the mainland aviation industry was expected to grow by 12-13 percent this year.

He gave no specifics on what aircraft were needed or which manufacturers would be preferred.

Wang added that sharp increases in fuel prices were having a "great impact" on Chinese carriers.
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Old March 12th, 2011, 06:04 PM   #965
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Old March 14th, 2011, 04:59 AM   #966
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China's biz jet-setters: no longer flying under the radar

HONG KONG, March 10 (Reuters) - Flanked by an entourage of assistants and advisors, Chinese mining tycoon Lian Guangming flitted from one luxury jet to another at the Asian Aerospace Expo in Hong Kong.

"Not bad," said Lian, from Inner Mongolia as he emerged from the plush, leather and wood panelled interior of a $55 million Bombardier Lear Jet 60XR earlier this week.

"If I like something, I'll buy it."

With the aviation industry now booming in the world's second largest economy, China's passengers are expected to account for around a quarter of the world's 800 million new travellers by 2014. Dozens of new airports under construction, and the executive jet market is expected to ride the crest of this wave.

Forbes' latest global rich list showed the number of Chinese billionaires doubling over the past year to 115, the first time any country outside the United States, which has 413 billionaires, had more than 100.

But China has only around 200 private aircraft, according to official estimates, far fewer than the 11,000 in the United States.

U.S. executives, including those at government-owned General Motors Co , are now getting back on corporate planes as the economy slowly recovers after the financial crisis.

Billionaire Warren Buffett's NetJets Inc has recently placed order up to 120 jets from Bombardier Inc in a deal that could worth more than $6.7 billion.

Embraer Executive Jets forecasts a global market of more than 10,000 business jets, worth $210 billion in the next 10 years, with China expected to take the lion's share.

"It's very hard to know who will buy the next jet. They just pop out," said Daniel Amtmann, director of business development in China for Cessna Aircraft, on the new wave of Chinese buyers.

"It's a concept market," he added, referring to one with changing trends and styles.

Many of the world's leading executive jet makers -- Textron Inc's Cessna unit, General Dynamics Corp's Gulfstream, Embraer, Bombardier and Hawker Beechcraft

-- flew their planes into Hong Kong for this week's expo with salespeople, including Mandarin-speaking Westerners, especially targeting Chinese buyers.

"We're all here," said Lian, the tycoon with mining, finance, property and aviation interests, clad in black designer clothes, who was shopping for two jets for his aviation company.

"Some of us are ready to buy planes, some others are still searching and researching. But I can say that the spring of (private) flights in China has arrived," he told Reuters.

RELAXING AIR RESTRICTIONS

In the cabin of a Gulfstream jet during a 90-minute demonstration flight over the skies of Hong Kong, guests peered through portholes at the city's famous harbour and skyscrapers.

Gulfstream Aerospace senior vice president Roger Sperry, their host for the trip, was telling reporters that China is relaxing some its air restrictions.

Longstanding hurdles, including tight airspace and air traffic control regulations, along with sometimes rudimentary corporate jet services in Chinese airports, were being addressed, he said.

"We can get approval, for example, to fly to Beijing within three days for airway permission," said Sperry, explaining the time had been cut from around seven days previously.

Back at the Expo, Jean Michel Jacob, the head of global sales for Dassault Falcon said Chinese demand would boom, with China sales expected to go from around 6 percent of total sales to around 20 percent in five years time.

Standing beside a $52 million Falcon 7X jet -- which took top honours in the business aviation category at the Asian aviation awards here this week -- Jacob said his longer range jets should appeal to globetrotting Chinese billionaires with overseas interests.

David Velupillai, Airbus marketing chief for executive and private aviation, eased back on a cream leather seat in the spacious belly of a $65 million "A318 Elite" corporate jet as he took up the theme of China's new awareness about the needs of corporate travellers.

The Chinese government understands the importance of rapid overflight permissioning, having good ground-based infrastructure, including lounges and maintenance centres.

"And of course if large companies are growing their business then that can literally have an impact on a country's economy," Velupillai told Reuters.

For now, Airbus has a relatively modest sales target of five corporate jets in China each year, though cabins customised with Chinese design elements, including a round dining table, Chinese screens and auspicious reds and golds, will help drive sales," Velupillai said.

"In this particular cabin concept we also have the ability to do a karaoke bar," he said. "A billionaire who's already got a jet aspires to have a bigger one."
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Old March 14th, 2011, 02:24 PM   #967
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Quote:
Originally Posted by hkskyline View Post
China's biz jet-setters: no longer flying under the radar

HONG KONG, March 10 (Reuters) - Flanked by an entourage of assistants and advisors, Chinese mining tycoon Lian Guangming flitted from one luxury jet to another at the Asian Aerospace Expo in Hong Kong.

"Not bad," said Lian, from Inner Mongolia as he emerged from the plush, leather and wood panelled interior of a $55 million Bombardier Lear Jet 60XR earlier this week.

"If I like something, I'll buy it."

With the aviation industry now booming in the world's second largest economy, China's passengers are expected to account for around a quarter of the world's 800 million new travellers by 2014. Dozens of new airports under construction, and the executive jet market is expected to ride the crest of this wave.

Forbes' latest global rich list showed the number of Chinese billionaires doubling over the past year to 115, the first time any country outside the United States, which has 413 billionaires, had more than 100.

But China has only around 200 private aircraft, according to official estimates, far fewer than the 11,000 in the United States.
Embraer Executive Jets forecasts a global market of more than 10,000 business jets, worth $210 billion in the next 10 years, with China expected to take the lion's share.

"It's very hard to know who will buy the next jet. They just pop out," said Daniel Amtmann, director of business development in China for Cessna Aircraft, on the new wave of Chinese buyers.

"We're all here," said Lian, the tycoon with mining, finance, property and aviation interests, clad in black designer clothes, who was shopping for two jets for his aviation company.

"Some of us are ready to buy planes, some others are still searching and researching. But I can say that the spring of (private) flights in China has arrived," he told Reuters.

RELAXING AIR RESTRICTIONS

In the cabin of a Gulfstream jet during a 90-minute demonstration flight over the skies of Hong Kong, guests peered through portholes at the city's famous harbour and skyscrapers.

Gulfstream Aerospace senior vice president Roger Sperry, their host for the trip, was telling reporters that China is relaxing some its air restrictions.

Longstanding hurdles, including tight airspace and air traffic control regulations, along with sometimes rudimentary corporate jet services in Chinese airports, were being addressed, he said.

"We can get approval, for example, to fly to Beijing within three days for airway permission," said Sperry, explaining the time had been cut from around seven days previously.

Back at the Expo, Jean Michel Jacob, the head of global sales for Dassault Falcon said Chinese demand would boom, with China sales expected to go from around 6 percent of total sales to around 20 percent in five years time.

Standing beside a $52 million Falcon 7X jet -- which took top honours in the business aviation category at the Asian aviation awards here this week -- Jacob said his longer range jets should appeal to globetrotting Chinese billionaires with overseas interests.

David Velupillai, Airbus marketing chief for executive and private aviation, eased back on a cream leather seat in the spacious belly of a $65 million "A318 Elite" corporate jet as he took up the theme of China's new awareness about the needs of corporate travellers.

The Chinese government understands the importance of rapid overflight permissioning, having good ground-based infrastructure, including lounges and maintenance centres.

"And of course if large companies are growing their business then that can literally have an impact on a country's economy," Velupillai told Reuters.

For now, Airbus has a relatively modest sales target of five corporate jets in China each year, though cabins customised with Chinese design elements, including a round dining table, Chinese screens and auspicious reds and golds, will help drive sales," Velupillai said.

"In this particular cabin concept we also have the ability to do a karaoke bar," he said. "A billionaire who's already got a jet aspires to have a bigger one."
Any firm orders for ARJ21B yet?
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Old March 14th, 2011, 05:59 PM   #968
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Old March 14th, 2011, 06:05 PM   #969
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Quote:
Originally Posted by chornedsnorkack View Post
Any firm orders for ARJ21B yet?
China-made regional jet undergoes high-intensity tests
6 December 2010
Copyright 2010. Xinhua News Agency. All Rights Reserved

ZHUHAI - China's independently-developed regional ARJ21-700 jet has begun high-intensity test flights in order to get its airworthiness certificates, according to its producer, the Commercial Aircraft Corporation of China (COMAC).

Tian Min, chief accountant of the COMAC, said on November 15 at the China International Aviation and Aerospace Forum in Zhuhai that the China-made jet was preparing for a series of difficult and high-risk trials, including tests of the engine and the avionics system.

Four aircraft were undergoing test flights while another two were being tested on the ground in order to earn airworthiness certificates from the Federal Aviation Administration (FAA) of the United States and the Civil Aviation Administration of China (CAAC).

Since the first trial flights in November 2008, ARJ21-700 jets have completed more than 900 hours of tests in more than 400 trial flights, including high-temperature and high-humidity tests, Tian said.

Tian said the COMAC planned to deliver the first ARJ21-700 plane to buyers in 2011. The company had received 240 orders from home and abroad.
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Old March 15th, 2011, 03:33 PM   #970
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Chinese airline to spend $10m plugging NZ
8 March 2011
The New Zealand Herald

China Southern Airlines will spend almost $10 million in the coming weeks promoting New Zealand as a tourism destination for Chinese travellers, an Auckland Airport spokesman says.

In January the Chinese carrier announced it would begin a thrice weekly direct service from Guangzhou to Auckland next month.

Auckland Airport spokesman Richard Llewellyn said television advertisements promoting this country as a destination were already airing in China, as well as billboards and signs on the back of buses.

A business delegation, which included representatives of Auckland Airport, Tourism New Zealand, SkyCity, Queenstown Airport and InterCity Coachlines, visited Guangzhou last week.

Llewellyn, a member of the delegation, said a press conference announcing China Southern's new route was covered on the mainland Chinese and Hong Kong television networks.

``It was certainly a successful visit.''

Tourism New Zealand chief executive Kevin Bowler, also a member of last week's delegation, said the media coverage was priceless for this country's tourism industry.

``In its first year [the new route] ought to bring in 25,000 visitors and based on visitor spend for Chinese, that will be about $75 million in extra value going into the economy,'' Bowler said.

Air New Zealand also added new direct services to its Beijing and Shanghai routes this month - the carrier now has daily direct flights to China.

Bowler did not believe the Christchurch earthquake would have a big impact on Chinese visitor arrivals.

But he said there would likely be a ``soft period'' - a reduction in general tourist arrivals - in the last half of this month, April and May.

``What I'm really focused on at the moment is making sure that [soft period] doesn't extend into the ski season,'' Bowler said.

He said the impact of reduced winter arrivals had the potential to be disastrous for the Canterbury and Queenstown skiing regions.

Tourism New Zealand was encouraging those in the international travel business to tell potential visitors that destinations outside Christchurch were unaffected, Bowler said.

China Southern Airlines gave $100,000 to the Christchurch earthquake relief effort last week.
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Old March 15th, 2011, 03:35 PM   #971
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Old March 16th, 2011, 06:00 PM   #972
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Old March 19th, 2011, 06:30 PM   #973
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Old March 19th, 2011, 06:34 PM   #974
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AIRLINE EXTENDS ITS INTERNATIONAL REACH
19 March 2011
China Daily

China Southern Airlines, China's largest carrier in terms of fleet size, is scheduled to open more international non-stop flights starting from April, covering New Zealand, Europe and North America.

The direct flight between Guangzhou and Auckland will take off on April 8, using the Airbus 330-200, three times a week.

Starting from June 7, the carrier will open the direct link between Guangzhou and Amsterdam in the Netherlands, also three times a week, with the Airbus 330-200. It has Beijing-Amsterdam daily flights already.

And by June 15, it will be available for people from the capital city in Guangdong province to take a non-stop flight on a Boeing 777 to Vancouver in Canada.

It will also add more flights on its Guangzhou-Paris and Guangzhou-Los Angeles link, from the current four times a week to seven times in this summer.

"It's part of the efforts to build up and enhance our long-haul flights on our global route network," says Kong Fansheng, vice-president of the carrier's Beijing branch.

In recent years, China Southern has launched nine international routes that take off from Beijing, with destinations including Amsterdam, Dubai and Seoul.

"We have set up a tri-hub international route map based on Guangzhou, Beijing and Urumchi," Kong says.

China Southern has launched 11 international routes and 43 domestic routes in Urumqi, in Xinjiang Uygur autonomous region, one of its three hubs.

In total the airline has opened 170 international and regional routes, linking Beijing, Guangzhou and Urumqi with 81 cities around the world. By cooperating and sharing agreement with its Skyteam partners of foreign airlines, the carrier's passengers can fly to 169 countries.

Grabbing more market share for long-distance and trans-pacific flights means a lot to airlines. It can optimize an airlines' flight structure, enhance presence on the global map and more importantly, lower carriers' operation costs.

China Southern has been hit by high-speed railway development so seizing opportunities to launch more international flights is one way to avoid missing out on development, according to the airlines' strategic development report.

Currently, Air China leads in terms of launching international routes, with about 50 percent of its total routes, followed by China Eastern Airlines, around 30 percent, and China Southern Airlines, at 25 percent.
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Old March 19th, 2011, 06:35 PM   #975
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Old March 20th, 2011, 09:17 AM   #976
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Old March 20th, 2011, 05:23 PM   #977
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Beijing Capital Airport 2010 Net Profit CNY595.2 Mln
20 March 2011

HONG KONG (Dow Jones)--Beijing Capital International Airport Co. (0694.HK), which operates the airport in China's capital, said Sunday its 2010 net profit doubled from a year earlier, driven by domestic air travel demand amid surging economic growth.

The Hong Kong-listed company's net profit for the 12 months ended Dec. 31 totaled 595.2 million yuan ($90.6 million), up from CNY296.0 million a year earlier. Revenue rose 16% to CNY5.78 billion from CNY4.96 billion.

Thecompany didn't recommend a final dividend. It paid a final dividend of CNY0.03388 last year.

Beijing Capital Airport is China's busiest airport in terms of passenger throughput. It handled 73.95 million passengers in 2010, up 13% from 2009.
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Old March 21st, 2011, 10:47 AM   #978
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Feb profit of China civil aviation industry down 53pct on yr at RMB 1.74 bln
18 March 2011

BEIJING, Mar. 18 (Xinhua) -- China's civil aviation industry reaped profit of 1.74 billion yuan in February, down 53 percent year on year, according to statistics from Civil Aviation Administration of China (CAAC) quoted by China Business News.

The industry's profit was 3.71 billion yuan in the same period of last year.

In February, Chinese airline firms earned profit of 1.21 billion yuan, registering a year-on-year decline of 56.1 percent. Airports' profit totaled 190 million yuan, plunging 73.8 percent from the same period of last year.

China's aviation industry reported total profit of 3.4 billion yuan in January, hitting a historical high.

Meanwhile, CAAC said that due to slower economic growth and shrunk demand in the low traffic season, all the major three transport indicators for the aviation industry including total turnover, passenger throughput and cargo transport volume incurred sharp month-on-month declines in February.
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Old March 21st, 2011, 05:57 PM   #979
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Old March 22nd, 2011, 02:38 AM   #980
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the chinese logo airliners are too ugly. For example air china, china southern, china eastern, xiamen airlines, shenzhen airlines, etc...
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