Katie Cantle

Chinese airlines double November net profit 

Chinese carriers reported a collective November net profit of CNY2 billion ($326 million), more than doubling net income of CNY995 million in November 2013.                                                                     

China Southern A330-300
China’s big three to operate out of Beijing’s new airport 
China’s big three—Air China, China Eastern Airlines and China Southern Airlines—are all expected to operate out of Beijing new airport, which will be located in Daxing.
Spring Airlines A320
Spring Airlines receives formal approval for IPO next year 
Spring Airlines has received formal approval by the China Securities Regulatory Commission to hold an initial public offering (IPO) next year to fund its rapid fleet expansion.
China Eastern 777-300ER
China Eastern launches MRO business 
China Eastern Airlines has launched Aviation Technology Co. to further explore the MRO market.
Spring Airlines A320
Spring Airlines to open aircraft leasing company 
Shanghai-based Spring Airlines plans to launch an aircraft leasing business in Shanghai’s Pilot Free Trade Zone for its rapid fleet expansion.
Jiuyuan Airlines postpones inaugural flight to Dec. 2 
Juneyao Airlines’ low-cost (LCC) subsidiary Jiuyuan Airlines has postponed its inaugural flight—from Guangzhou to Zhanjiang—to Dec. 2 following approval of its routes application.
Chinese carriers’ collective profit climbs 32% in October 
Chinese carriers reported a collective net profit of CNY1.9 billion ($309 million) in October, up 32% compared with the collective net income of CNY1.43 billion in the same period last year.
China Eastern Airlines 777-300ER
China Eastern, Qantas to launch joint venture 
China Eastern Airlines will start new joint venture (JV) with Qantas on certain routes between China and Australia in an effort to boost passenger flow onto their respective international networks.
COMAC wins more orders for C919, ARJ21 
The Commercial Aircraft Corp. of China (COMAC) has received an order for 30 C919s from China Merchants Bank financial leasing arm.
Air China, Air Canada expand partnership 
Air China and Air Canada have signed a memorandum of understanding (MOU) to expand their existing partnership and form a revenue-sharing joint venture to stimulate traffic growth between the two countries.
Chinese lessor Cheung Kong to buy 60 aircraft worth $2.02 billion 
China lessor Cheung Kong Holdings has announced it will pay a $2.02 billion in four transactions for 60 aircraft in an effort to enter the rapidly growing Asian aircraft leasing market.
China’s major carriers post sharp nine-month profit declines 
China’s major carriers all posted sharp profit declines for the first nine months of the year due to exchange losses resulting from yuan depreciation.
Hainan Airlines Boeing 737-800
HNA Group subsidiary Fuzhou Airlines launches formal operations 
Hainan Airlines (HNA) Group subsidiary Fuzhou Airlines has launched formal operations by opening eight routes from Fuzhou to Shanghai (Pudong), Tianjin, Kunming, Chongqing, Xi’an, Taiyuan, Hefei and Haikou as it aims to enhance its position in Southeast China.
Air China 747-8I
Air China’s 9-month net profit falls 22% 
Air China reported net profit of CNY3.16 billion ($515 million) for the first nine months of the year, down 22% compared with net income of CNY4.06 billion in the year-ago period.
Chinese carriers’ collective net profit falls 24% in September 
Chinese carriers reported a net profit of CNY2.2 billion ($358 million) in September, down 24% compared with a net income of CNY2.82 billion in the year-ago month.

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