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  1. China Eastern, Air China post losses

    Posted Oct 29th 2008, 12:00am by Charlotte So

    ... Charlotte So A stagnating yuan and falling air traffic plunged China Eastern Airlines Corp and Air China into hefty deficits for the third quarter. China Eastern recorded a 2.33 billion ... also said it lost 270 million yuan to fuel hedging. It hedged 30 per cent of its oil consumption. Meanwhile, Air China reported a loss of 1.94 billion yuan for the third quarter, compared ...

  2. Air China to delay purchase of China Eastern

    Posted Sep 18th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China has postponed plans to buy China Eastern Airlines Corp as the airline industry might take as long as two years to recover from the financial turmoil in the United ... Mr Kong said commercial considerations should give way to government decisions when it came to industry consolidation, contrasting Mr Li's market-driven motive behind Air China ...

  3. China Eastern snub fears spur fall in Air China

    Posted Jan 22nd 2008, 12:00am by Charlotte So

    ... Shares in Air China dived 15.18 per cent to HK$8.38 in Hong Kong yesterday amid fears China Eastern Airlines Corp would not accept a proposal by Air China's parent China National ... in which China Eastern would receive HK$14.9 billion in cash. Yesterday, China Eastern Air Holding, the largest shareholder of China Eastern, said the offer was not formal and did not comply ...

  4. Air China tie-up put to China Eastern

    Posted Jan 20th 2008, 12:00am by Charlotte So

    ... Charlotte So HK$14.9b offer to Shanghai carrier Shares in Air China will be suspended from trading tomorrow after its parent company handed rival carrier China Eastern Airlines a proposal ... an offer by Singapore Airlines and Temasek Holdings, worth HK$3.80 per share, to take a 24 per cent stake. CNAC had opposed the bid - which would hurt Air China's ambitions for the Shanghai ...

  5. Tourism, air deal to be sealed today

    Posted Jun 13th 2008, 12:00am by Staff Reporter

    ... Kristine Kwok in Beijing Cross-strait teams settle all discussions Beijing and Taiwan will formally seal today much-anticipated deals to launch weekend direct cross-strait chartered flights and to open the island to mainland tourists, with negotiators set ...

  6. Aviation support measures give lift to Air China

    Posted Dec 11th 2008, 12:00am by Toh Han Shih

    ... Toh Han Shih News of Civil Aviation Administration of China measures to support mainland airlines during the global slowdown helped lift Air China's stock price yesterday. Air China ... altogether in the first half of next year. Air China stood to save 700 million yuan, or 1 or 2 per cent of its operating expenses, said Mr Lau. 'The CAAC's policies are a short-term boost ...

  7. Air China passenger numbers hit by quake

    Posted Jun 17th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China carried 10.7 per cent fewer passengers last month due to slowing demand and the cancellation of nearly 1,000 flights after the earthquake in Sichuan. 'Chengdu is the second-biggest air hub of Air China so the impact (of the earthquake) on us was bigger than on other carriers,' an Air China spokesman said yesterday. 'Some 985 flights were cancelled and 623 ...

  8. Air China chief takes safe route in stormy weather

    Posted Oct 13th 2008, 12:00am by Charlotte So

    ... became chairman of Air China in April in the midst of one of the most turbulent periods in commercial aviation. With the global economy in crisis and oil prices surging, he faced the biggest ... in May. In addition, tighter security during the Beijing Olympic Games affected travel to the capital and other major centres. Air China, the nation's most profitable airline, has not been ...

  9. Air China to post loss for first nine months

    Posted Oct 16th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China will post a loss for the first nine months of the year, the airline's first deficit since Sars, as a result of the global financial meltdown, hedging losses and slower yuan appreciation. The surprise announcement came after China Eastern Airlines Corp, Air China's smaller rival, issued a warning for its nine-month result last Friday. Air China ...

  10. Air China in talks to buy out cargo partner

    Posted Feb 20th 2008, 12:00am by Charlotte So

    ... Air China is in talks with Beijing Capital Airport Group Corp to buy out its 24 per cent stake in Air China Cargo, in a move to consolidate its air cargo business amid fierce competition from international carriers such as FedEx and DHL. Air China Cargo was formed by the two companies, along with Citic Pacific, in 2003. Last year, Citic agreed to sell its 25 per cent stake ...




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