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  1. CNAH seeks 3.5b yuan for Air China funding

    Posted Oct 17th 2009, 12:00am by Charlotte So

    ... China National Aviation Holding, the parent of Air China, yesterday announced a plan to issue 3.5 billion yuan (HK$3.97 billion) of short-term notes to fund the operations of the carrier. ... carrier's expenditure on jet fuel, catering and maintenance has topped 20 billion yuan a year. Over the next three years, Air China is to spend 41.1 billion yuan on aircraft acquisition. It has ...

  2. China Eastern pursues Shanghai Air takeover

    Posted Jun 17th 2009, 12:00am by Charlotte So

    ... in Shanghai, was likely to be absorbed by China Eastern, listed in Hong Kong and Shanghai, through a share swap at a ratio of 1.3 China Eastern shares for each Shanghai Air share. China Eastern ... two separate brands, Mr Lau said. A China Eastern official said the company might need to surrender some of Shanghai Air's rights if the brand was dropped, as both airlines had not fully ...

  3. China Eastern, Shanghai Air tie-up approved

    Posted Dec 01st 2009, 12:00am by Charlotte So

    ... it yesterday. Although the government-led consolidation had been well foreshadowed, shares in China Eastern rose 4 per cent to HK$2.89 in Hong Kong yesterday. Shanghai Air and China Eastern suspended ... share swap of the A shares of China Eastern and Shanghai Air will not take place until a further approval from the regulator is granted. Lou expected this would happen no later than this month. ...

  4. Air China admits wish to lift stake in Cathay

    Posted Aug 28th 2009, 12:00am by Charlotte So

    ... Charlotte So Air China yesterday conceded it had a long-term ambition to lift its stake in Cathay Pacific Airways beyond 30 per cent, triggering a possible takeover offer for the Hong Kong ... to allow it to increase its stake. Air China paid HK$6.34 billion last week to lift its holding in Cathay to 29.99 per cent, moving closer to taking control of the city's only truly global ...

  5. Air China moves closer to control over Cathay

    Posted Aug 18th 2009, 12:00am by Carol Chan, Charlotte So

    ... Charlotte So and Carol Chan Air China yesterday raised its stake in Cathay Pacific Airways to almost 30 per cent, moving closer to the ultimate goal of taking control of Hong Kong's flag carrier. But Air China's ambition to take a controlling stake in one of the world's most respected airlines is raising disquiet because of their differing management styles ...

  6. Air China lifts Cathay Pacific stake to 29.99pc

    Posted Aug 18th 2009, 12:00am by Charlotte So

    ... Charlotte So Air China, the world's largest airline by market capitalisation, will pay Citic Pacific HK$6.34 billion for a 12.5 per cent stake in Cathay Pacific Airways in a bid ... the transactions, Air China's interest in Cathay will increase to 29.99 per cent while Swire's Cathay stake will rise to 41.97 per cent. The deals will leave Citic Pacific with a 2.98 per cent ...

  7. Air China buy hints at wider ambitions

    Posted Aug 19th 2009, 12:00am by Charlotte So

    ... Charlotte So Noodles or cucumber sandwiches? If Air China's ambition to take control of Cathay Pacific Airways is ultimately successful, it will create Asia's largest carrier and help the state-owned mainland airline lift its game. But the blend of Eastern and Western corporate cultures could also make for complex board meetings. Air China this week paid HK$6.34 billion ...

  8. Air China results to be strongest of big three airlines

    Posted Aug 24th 2009, 12:00am by Charlotte So

    ... Charlotte So Air China, the world's biggest airline by market capital, is expected to report the strongest first-half results among the big three mainland airlines, thanks to a huge write-back from fuel hedging contracts and higher demand in domestic air travel. China Southern Airlines, the mainland's biggest airline by fleet size, however, will see a dip in net profit ...

  9. Air China joint venture to serve up better meals

    Posted Feb 13th 2009, 12:00am by Charlotte So

    ... Air China's parent company has formed a 1 billion yuan (HK$1.13 billion) catering joint venture in an effort to improve the mainland industry's in-flight meals. Zhang Lanhai, ... the majority of Air China, holds 36 per cent of the venture, while another unit, China National Aviation Corp (Group), owns the rest. Despite improvement over the years, the quality of in-flight meals ...

  10. Air China looks to cargo venture with Cathay

    Posted Aug 27th 2009, 12:00am by Charlotte So

    ... Charlotte So Air China aims to accelerate talks with Cathay Pacific Airways over an air cargo joint venture in Shanghai to compete with the stronger challenge posed by the merger of China Eastern Airlines and Shanghai Airlines. 'The merger will change the competition landscape in the city,' said Air China board secretary Huang Bin during a post-interim results webcast ...




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