Hainan Airlines Group subsidiary Tianjin Airlines is expected to launch Guangxi Airlines in conjunction with Guangxi Beibu Gulf Investment Group, which is wholly owned by the government of Guangxi Zhuang Autonomous Region.
Aviation Corp. of China (AVIC) subsidiary Xi’an Aircraft International Corp.’s MA600 freighter formally entered the market Tuesday following the awarding of its type certificate by the Civil Aviation Administration of China (CAAC).
Jetstar Hong Kong chairman Pansy Ho has defended the carrier’s license application in response to objections from local carriers, including Cathay Pacific Airways, on grounds it is not a Hong Kong-based airline.
China Eastern Airlines reported a first-half net profit of CNY763.3 million, down 23% compared to a net income of CNY995.1 million in the year-ago period, according to the carrier’s statement released by the Shanghai Stock Exchange.
"A city should be built around its airport because the airport is the spearhead of city development. These days, the two or three kilometer-long runway can connect the world with the city, which is especially important to underdeveloped regions,” Civil Aviation Administration of China (CAAC) minister Li Jiaxiang said, summarizing Beijing’s enthusiasm for China’s rapid airport expansion programs in recent years.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst....More