Katie Cantle

Air China 737-700
Air China 1H net profit drops 55% 
Air China reported a first-half net profit of CNY510 million ($82.7 million), down 55% compared with a net income of CNY1.14 billion in the year-ago period.
AVIC launches Cambodia Bayon Airlines 
Aviation Corp. of China (AVIC) subsidiary Joy Air has launched Cambodia Bayon Airlines to tap the fast-growing Cambodian market and help boost the sale of its regional MA60 turboprops.
Tibet Airlines A319
China’s Tibet Airlines, Nepal firms to launch Himalaya Airlines 
China’s Tibet Airlines is expected to launch Himalaya Airlines in conjunction with Nepal’s Himalaya Aviation Investment Co. and Nepal’s Yeti Air International.
Xiamen Airlines Boeing 737-800
Xiamen Airlines to launch Jiangxi Airlines in 2015 
China’s Xiamen Airlines plans to launch Jiangxi Airlines in conjunction with the Jiangxi provincial government in June 2015 as it accelerates its domestic expansion pace.
Cathay Pacific Airways Boeing 777-300ER
Cathay Pacific’s 1H profit soars 
Cathay Pacific Airways has reported a first-half net profit of HK$347 million ($45 million), up dramatically from a net income of HK$24 million in the year-ago period.
China’s Joy Air to transform into an LCC 
Xi’an-based Joy Air plans to transform into a low-cost carrier (LCC) in an effort to tap the growing domestic low-cost market.
Air China Boeing 737-700
Air China to raise pilot salaries despite profit decline 
Air China plans to spend CNY360 million ($58.4 million) to raise pilot salaries despite its continuous profit decline.
Spring Airlines A320
Spring Japan launches formal operations 
Shanghai, China-based Spring Airlines has launched low-cost (LCC) subsidiary Spring Japan, becoming the first domestic carrier to establish an overseas LCC.
Joy Air orders up to 60 MA60 aircraft 
Xi’an-based Joy Air has placed an order for up to 60 MA60 aircraft, comprising 30 firm orders and a letter of intent for 30.
Hainan Airlines Boeing 737-800
CAAC approves launch of HNA Group subsidiary Urumqi Airlines 
The Civil Aviation Administration of China (CAAC) has approved the Aug. 1 launch of Urumqi Airlines, subsidiary of Hainan Airlines parent HNA Group, to further explore market potential in West China.
China’s YTO Express receives approval to launch cargo carrier 
China’s YTO Express has received approval from the Civil Aviation Administration of China (CAAC) to launch a cargo carrier in the fast-growing domestic express delivery market.
China Eastern Airlines A321
China Eastern predicts 1H net income to drop 90% 
China Eastern Airlines expects to report first-half net income of less than CNY50 million ($8.1 million), down 90% from net profit of CNY763 million in the year-ago period.
Air China Boeing 737-700
Air China predicts 1H net profit to drop over 55% 
Air China expects its first-half net profit to plummet 55% to 65% compared with the net income of CNY1.12 billion ($182 million) in the year-ago period.
China Southern Airlines A330-300
China Southern reports 1H net loss 
China Southern Airlines has reported a first-half net loss of CNY900 million to CNY1.1 billion ($146 million to ($178 million) compared with a net loss of CNY302 million in the year-ago period.
Hong Kong Airlines A330-300
Hong Kong Airlines restarts IPO launch 
Hainan Airlines’ subsidiary Hong Kong Airlines has restarted its plan to launch an initial public offering (IPO) on the Hong Kong Stock Exchange to raise approximately $500 million for fleet expansion, an industry insider confirmed to ATW.

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