There is an old Chinese proverb: “The world will unite after being long divided.” This may be equally applicable to China’s airline industry. Although there appears to be little chance that it will return to the era prior to 1987 when CAAC was the equivalent of Aeroflot in the heyday of the Soviet Union, nonetheless the industry is becoming more concentrated. Having broken up the CAAC monolith, the Beijing government stage-managed the first phase of reconsolidation ...

Subscribe to Access this Entire Article

"China’s New Merger Math" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.