Air China has reported a net income of CNY4.2 billion ($660 million) for the first half of 2015, up 721% over the net profit of CNY510 million for the same period of last year.
Operating revenue rose 3.87% to CNY51.9 billion while operating costs increased by 5% to CNY45.2 billion.
Shanghai-based low cost carrier Spring Airlines has reported a net profit of CNY619.5 million ($97 million) for the first half of 2015, up 129% over the CNY270.8 million for the same period the previous year.
Australia’s Competition and Consumer Commission (ACCC) has dropped its previous opposition against China Eastern’s planned alliance with Qantas, giving the carriers the green light to coordinate pricing and scheduling.
China’s Xiamen Airlines has launched international long-haul services to Amsterdam from Xiamen and plans to open new services to Sydney at the end of the year as it picks up its international expansion pace.
China Eastern Airlines is expected to report a first-half net income of CNY3.5 billion to CNY3.7 billion ($571 million to $604 million), up significantly over the net profit of CNY14 million in the year-ago period, according to a carrier forecast statement released by the Shanghai Stock Exchange.
Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación....More