Chinese carriers are expected to transport 1.5 billion by 2030 due to the rapid growth of China’s domestic low-cost airline (LCC) industry, according to the Civil Aviation Administration of China (CAAC).
The Civil Aviation Administration of China (CAAC) has approved the launch of HNA Group’s subsidiary Fuzhou Airlines, paving the way for the Haikou-based company to increase its presence in the coastal area of Southeast China.
In a path of fortune that echoes that of Southwest, Spring has become the most profitable LCC in China and it has maintained consecutive profitability since it launched service in July 2005, including in 2008 when the international financial crisis hit the global airline industry.
China Eastern Airlines has seen a drop of CNY1.09 billion ($179 million) in premium passenger revenue for 2013 owing to the global economic recession and China’s new policy for government officials to be more thrifty, giving up their previously extravagant lifestyles.
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Airbus was unable to display its planned design for 11-abreast seating on its A380 at the Aircraft Interiors Expo in Hamburg, despite indicating that a cabin mock-up would be there as recently as last week....More