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Katie Cantle

China Express CRJ900
China Express 1Q net profit up 6.3% growth of business scope, demand 
Chongqing-based China Express Airlines reported a 2018 first-quarter net profit of CNY82.3 million ($13 million), up 6.3% compared to net income of CNY77.4 million in the year-ago quarter.
American cuts Chicago-Beijing as Sino-US market crowds 
American Airlines has decided to cut Chicago O'Hare-Beijing service from Oct. 22 because of overcapacity in the Sino-US market–which used to be one of the most lucrative markets worldwide.
Spring Airlines A320
China’s Spring Airlines’ 2017 net profit up 33% on robust demand 
Shanghai-based Spring Airlines posted a net profit of CNY1.3 billion ($207 million) for 2017, up 33% compared to net income of CNY950.5 million in the prior year.
Air China Boeing 787-9
Air China grounds some 787s on Trent 1000 engine inspections 
Air China has grounded some of its Boeing 787s powered by Rolls-Royce Trent 1000 engines, which had been found to have vulcanization and fatigue cracks in the blades of the engine’s intermediate pressure (IP) compressor.
China Eastern Airlines
Most Chinese majors report 1Q net profit on market demand growth 
China’s major carriers—including Air China, China Southern, Hainan Airlines, Spring Airlines and Juneyao Airlines all reported 1Q net profit increases because of robust growth of market demand, yuan appreciation and capacity discipline. China Eastern was the only carrier that reported a profit decline.
China’s Guangzhou Baiyun Airport opens new terminal 
Guangzhou Baiyun International Airport, China Southern Airlines’ home base, has opened Terminal 2, two years later than originally planned.
Airbus A319
Air China’s relaunched business jet subsidiary eyes Beijing’s new airport base 
Air China has secured clearance from the CAAC North China Regional Administration to relaunch its business jet subsidiary, Beijing Airlines, for public passenger transport, which could pave the way for Air China to get a position at Beijing’s new airport, expected to open in 2019.
Hainan Airlines A330-200
Hainan Airlines continues to expand international services 
China’s Hainan Airlines plans to open at least 40 international services from Hainan by the end of 2022 as China implements a new national policy for building Hainan as a free trade port.
Juneyao Airlines A320
Robust demand, yuan appreciation lift Juneyao’s 2017 net profit 
Shanghai-based Juneyao Airlines reported a 2017 net profit of CNY1.3 billion ($200 million), up 6.1% from CNY1.2 billion in 2016 because of robust market demand growth and yuan appreciation.
Beijing to lift foreign ownership restrictions on aircraft 
The Chinese government has announced it will lift restrictions on the proportion of foreign ownership in aircraft manufacturing companies this year, as part of Chinese President Xi Jinping’s latest pledge made at the Boao Forum for Asia last week.
Hong Kong Airlines A350-900
US DOT approves Hong Kong Airlines, Etihad codeshare to SFO, LAX 
The US Department of Transportation (DOT) has approved a codeshare between Hong Kong Airlines and Etihad Airways on two intercontinental services from Hong Kong to San Francisco International (SFO) and Los Angeles International (LAX) airports.
Hainan Airlines Boeing 787-8
Hainan Airlines to open Shenzhen-Vienna service 
China’s Hainan Airlines will open a route from Shenzhen to Vienna, Austria this fall as a part of a commitment to open more international routes from Shenzhen, the Haikou-based carrier said on the sidelines of Boao Forum for Asia.
Spring Airlines A320
Spring Airlines expects network, revenue management to lift 2017 profits 
China’s Spring Airlines has estimated its 2017 net profit will increase 33% to CNY1.3 billion ($193 million) as a result of the LCC’s network optimization and revenue management, according to a preliminary earnings estimate released by the Shanghai Stock Exchange.
Beijing warns of 25% tariff on Boeing 737NG aircraft 
Boeing could fall victim to the escalating trade dispute between the US and China after Beijing announced a potential 25% tariff on US-made aircraft that would affect the 737NG narrowbody.
Sichuan Airlines A330
Sichuan Airlines to add fifth freedom flights to Zurich in June 
Sichuan Airlines has secured approval to use fifth freedom rights to extend a route from Chengdu, China to Prague, Czech Republic and onto Zurich, Switzerland beginning June 23.
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