Chinese carriers reported a cumulative net loss of CNY1.5 billion ($244 million) in January due to seasonal factors and overcapacity, a sharp reversal from a net profit of CNY1 billion in the year-ago month.
Hainan Airlines parent HNA Group’s subsidiary Beibu Gulf Airlines performed its inaugural flight Feb. 13 from Nanning to Haikou as it deepens its cooperation with local governments to further explore the market potential of China’s secondary and tertiary cities.
Chinese carriers are expected to transport 430 million passengers in 2015, up 10% from 390 million in 2014 due to the continuous growth of China’ economic development, according to Civil Aviation Administration of China (CAAC).
China Eastern Airlines plans to accelerate its international expansion pace in 2015 by boosting capacities, promoting brand awareness, deepening alliance cooperation, and strengthening marketing exploration in the North American and European markets.
Yunnan-based Ying’an Airlines has signed a strategic cooperation with Xi’an-based Joy Air to further explore the domestic regional air transport market, especially the regional air transport market in underdeveloped Southwest China.
Trans States Holdings, parent of US regionals Trans States Airlines, Compass Airlines and GoJet Airlines, remains “comfortable” with its order for 50 Mitsubishi Regional Jets and expects to begin taking delivery of the aircraft in 2017....More
ICAO will have to boost its budget by 3% to pay a Web-based information database to provide airlines, air navigation service providers and member states a source of safety information about the risks to flights over and within conflict zones....More