Chinese flag carrier Air China has signed a wide-reaching partnership agreement with Germany’s Lufthansa Group to launch a joint venture (JV) on routes between Europe and China from the 2017 summer schedule.
Shanghai-based low-cost carrier (LCC) Spring Airlines reported a 2016 first-half net profit of CNY740.15 million ($100.5 million), up 19.5% over a net income of CNY641.69 million in the year-ago period.
Air China reported a 2016 first-half net profit of CNY3.46 billion ($520 million), down 12.4% compared to net income of CNY3.95 billion in the year-ago period, according to the carrier’s statement released by Shanghai Stock Exchange.
China Southern Airlines reported a first-half net profit of CNY3.11 billion ($468 million), down 10.7% compared to net income of CNY3.48 billion in the year-ago period, according to a carrier statement released by Shanghai Stock Exchange.
China’s state-owned aero-engine group has started formal operations in an effort to develop domestic, high-tech businesses to compete in international markets. The new entity—China Aviation Engine Group—has a registered capital of CNY50 billion ($7.62 billion).
Earlier in September, I wrote two blog commentaries about Delta Air Lines’ complaint against JetBlue Airways being awarded a pair of US federal employee travel routes. Delta wrote to the US General Service Administration (GSA) - which manages government operations, including travel for federal employees – complaining about route awards granted to New York-based JetBlue....More
The new IATA director general and CEO attends the ICAO Assembly in Montreal this week confident that the carbon emissions proposal that the air transport industry has forged is a good one that can be implemented....More
Aviation infrastructure shortcomings in the fast-growing Asia-Pacific region have become a dire situation, prompting IATA to warn governments in the area of the potential cost to their economies if they do not quickly address airport and airspace congestion....More