"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.
Air China has posted a first-half net profit of CNY1.15 billion ($186 million), up 9.9% over a net income of CNY1.04 billion in the same period last year, according to a statement released by the Shanghai Stock Exchange.
The Commercial Aircraft Corp. of China (COMAC) will reportedly delay the maiden flight of 150-seat trunk liner C919 to 2015 owing to “some technical difficulties,” an industry insider, who asked not to be identified, confirmed to ATW.
The Civil Aviation Administration of China (CAAC) is planning to adopt a policy of encouraging domestic low-cost carrier (LCC) growth to fend off increased competition from the high-speed rail and foreign LCCs that are flooding the Chinese market.
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