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  1. China Eastern tells Air China of boss' decision

    Posted Dec 14th 2007, 12:00am by Charlotte So, Kandy Wong

    ... Kandy Wong and Charlotte So in Beijing Li Fenghua, the chairman of China Eastern Airlines Corp, yesterday said he believed that Air China would not vote against the strategic co-operation between his company, Singapore Airlines and Temasek Holdings because the government wanted the deal to go through. 'Air China should accommodate the fact that the transaction is made ...

  2. Air China lifts China Eastern stake to 11pc

    Posted Sep 12th 2007, 12:00am by Charlotte So

    ... Charlotte So Air China still wants more of China Eastern Airlines. China National Aviation Corp, a sister company of Air China, increased its stake in China Eastern Airlines Corp just two ... reignited speculation that Air China plans to take a leading role in the next round of consolidation among the big carriers. 'Air China may still hang on to fight for China Eastern since ...

  3. Taiwan criticises Beijing over air route near air force training zone

    Posted Dec 18th 2007, 12:00am by Lawrence Chung

    ... Lawrence Chung in Taipei Taiwan has criticised the mainland for creating new tension across the Taiwan Strait by unilaterally creating a new air route close to the island's air force ... to the Taiwanese side as the air force and other military units would be forced to react. The new route is 67.2km away from the 'midline' of the Taiwan Strait, an unofficial dividing line ...

  4. Air China chief gets top CAAC job

    Posted Dec 29th 2007, 12:00am by Staff Reporter

    ... Al Guo in Beijing Move may sway China Eastern minority shareholders' decision on SIA, Temasek tie-up Air China chairman Li Jiaxiang was promoted to be an executive deputy minister ... People's Congress hosts its annual meeting in March. Air China sources said that the carrier would not rush to appoint a new chairman and Mr Li would keep the chairmanship for a while. Mr Li's ...

  5. Exchange gains boost Air China income 93pc

    Posted Oct 31st 2007, 12:00am by Charlotte So

    ... Air China, the most profitable mainland carrier, reported a 93 per cent increase in net income to 2.18 billion yuan for the third quarter, after excluding the one-off gain from selling its ... billion yuan earned in the comparable quarter. Air China's bigger rival, China Southern Airlines, last week reported a 49 per cent jump in net profit to 1.88 billion yuan, while China Eastern ...

  6. Singapore Air confident of winning China Eastern shareholders' backing

    Posted Dec 13th 2007, 12:00am by Charlotte So

    ... Chew said the purchase of a stake in China Eastern would not be a speculative investment but a long-term strategy to realise the potential of China Eastern. He also said that Air China's management - which in September had looked as if it would make a counter bid - had stated publicly that it would vote in favour of a tie-up between Singapore Airlines and China Eastern. However, Air ...

  7. Air China seeks to beef up before liberalisation

    Posted Aug 30th 2007, 12:00am by Charlotte So

    ... Charlotte So Leading carrier considers merging with mainland rivals Facing stiff competition as the mainland prepares to open its air corridors, Air China said for the first time yesterday that it was considering acquiring other domestic airlines. 'We have to grow bigger in light of the speeding up of the open skies policy in China,' Air China president Cai Jianjiang said. 'We ...

  8. China Eastern share sale still up in the air

    Posted Dec 20th 2007, 12:00am by Carol Chan

    ... a mainland paper reported. In an interview with Beijing Times, Air China vice-president Fan Cheng said for the first time that CNAH would vote against the deal. CNAH, the parent company of Air China ... Moreover, the tie-up between China Eastern and Singapore Airlines would yield little synergy, he said. However, China Eastern said in a statement last night that its management had met that of Air ...

  9. Air China aims for 50pc of Beijing market

    Posted Jul 23rd 2007, 12:00am by Charlotte So

    ... Air China hopes to grow its market share in Beijing to 50 per cent from a current 44 per cent after it moves to Beijing Capital International Airport's new third terminal next March. ... and terminal at Beijing's main airport was built primarily for Air China and its code-share partners such as Lufthansa, Dragonair and Cathay Pacific Airways. Planners expect the expansion to boost ...

  10. Air China to tap market for 8.8b yuan

    Posted Nov 01st 2007, 12:00am by Staff Reporter

    ... Staff reporter Air China has proposed to sell up to 400 million A shares, or 3.26 per cent of its total issued share capital, to help fund aircraft purchase. Its Shanghai-listed A shares rose 5.96 per cent to 22.05 yuan yesterday, giving the offer a value of as much as 8.82 billion yuan. Air China said it planned to use the fund raised from the share sale to partly finance its ...




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