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Katie Cantle

Katie Cantle

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CAAC approves the launch of CDI Cargo Airlines
February 3, 2012

The Civil Aviation Administration of China (CAAC) has approved the launch of Hangzhou-based CDI Cargo Airlines.

Beijing raises domestic fuel prices by 1.43%
February 2, 2012

The Chinese government has raised domestic jet fuel prices to CNY7,465 ($1,186) per ton, up 1.43% from CNY7,360 per ton in January, dealing another blow to Chinese carriers that have already suffered from a decline in domestic market demand and...

Hainan Airlines cuts share prices to pay debts
January 31, 2012

Hainan Airlines (HU) has reduced the price of its additional share offerings from CNY6.42 per share in the Shanghai Stock Exchange to CNY4.84 per share to raise CNY8 billion ($1.28 billion) to pay off a bank loan of CNY6.08 billion and increase...

AVIC reports 18.8% increase in 2011 net profit
January 20, 2012

The Aviation Industry Corp. of China (AVIC) reported a net profit of CNY12.2 billion ($1.94 billion) in 2011, up 18.8% over a net income of CNY10.3 billion in 2010.

Air China receives capital injection from Beijing for sustainable development
January 18, 2012

The Chinese government has given Air China (CA) a CNY50.7 million ($8.04 million) capital injection for the carrier’s sustainable development.

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