China Express Airlines plans to launch an initial public offering (IPO) by circulating no more than 40.5 million shares for fleet expansion, according to the China Securities Regulatory Commission (CSRC).
Tianjin-based regional carrier Joy Air will be hard pressed to earn a profit in the next two years because of consolidation challenges with Okay Airways and expansion restrictions imposed following accidents, including a May 2015 incident in which a MA60 skidded off the runway while landing at Fuzhou Changle International Airport, Okay Airways founder Liu Jieyin said.
Chinese low-cost carrier (LCC) Spring Airlines has slowed down its international expansion pace as load factors drop on international routes, especially Japan and Thailand, according to Spring chairman Wang Zhenghua.
I flew to Abu Dhabi for a short work trip in January and, if I’m honest, I found the security and screening processes at that airport ahead of my flight back to Washington DC a bit annoying.
However, given today’s announcement about new US security rules for flights from that airport and nine others, most of them also in the Middle East, the focus of my annoyance has changed....More