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  • November 27, 2014
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  1. Business - China Business - EARNINGS

    Profits at Air China and China Eastern Airlines fall

    Posted Oct 31st 2012, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Air China posts 16.5 per cent drop in net income for the quarter while China Eastern tumbles 20.4 per cent amid weaker passenger loads Profits at mainland airlines dive Air China, the mainland's flagship carrier, said net profit in the third quarter dropped 16.5 per cent to 3.17 billion yuan (HK$3.93 billion) as revenue rose to 28.7 billion yuan ...

  2. China Southern gets into dogfight with Air China

    Posted Jul 27th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com China Southern Airlines' talks with Beijing-based Air China about plans to jointly fly the Airbus 380 on international routes from the capital have ... Guangzhou. However, the insider, a China Southern executive who declined to be identified, said Air China did not want China Southern to divert its international passengers. The Civil Aviation ...

  3. Business - Companies - AVIATION

    Air China scraps 1b yuan share sale

    Posted Oct 24th 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Trading in Hong Kong resumes today as Beijing carrier seeks other sources to raise money Air China scraps plans for 1b yuan share sale Shares in Air China will resume trading in Hong Kong today after the carrier scrapped a 1.05 billion yuan (HK$1.3 billion) share sale plan to its parent. Air China's shares rose as much as 3 per cent ...

  4. Business - China Business - AVIATION

    Air China plans more Japan routes

    Posted Aug 31st 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Carrier plans to fly to Nagoya and launch flights to country from second-tier cities on mainland More Japan routes for Air China Air China plans to open ... per cent of China-Japan traffic- are continuing, incremental increases in the air traffic rights between the two countries are in place. Japan is the most profitable international route ...

  5. Air China suspended over cash injection

    Posted Apr 21st 2012, 12:00am

    ... Air China was suspended from trading in Hong Kong and Shanghai yesterday because of a possible 1 billion yuan (HK$1.23 billion) worth of asset injections from its parent, China National ... million yuan energy-saving subsidy from the government, to Air China. The capital injection would be made through a private placement, with Air China issuing 1 billion yuan in shares to its parent ...

  6. Air China cash call sparks 5.9pc rise in share price

    Posted Apr 28th 2012, 12:00am

    ... Shares of Air China jumped 5.86 per cent to close at HK$5.42 yesterday after the world's largest airline by market value said it would issue 1.05 billion yuan (HK$1.29 billion) in new ... issue is not a lot for a carrier but it still will help to relieve some debt stress,' said Geoffrey Cheng, an analyst with Bocom International. Last year, Air China's interest bill ...

  7. News - China

    Air China flight to New York turns back to Beijing after 'threat'

    Posted Aug 30th 2012, 12:00am by AFP, STEPHEN CHEN

    ... Agence France-Presse in Beijing, Stephen Chen and Choi Chi-yuk Air China flight turns back after 'threat' An Air China flight bound for New York was forced to return to Beijing more than three hours into its journey yesterday after a "threatening message" was received, the airline and state media said. Air China flight 981 returned to the Beijing Capital ...

  8. News - China - SECURITY

    Series of hoax bomb threats disrupts China flights

    Posted Oct 15th 2012, 12:00am by STEPHEN CHEN

    ... hoaxes disrupts flights Mainland air travellers are dealing with disruptions caused by an increase in hoax bomb threats. On Tuesday, Air China received fake bomb threats about two flights ... of such hoax calls. More than 300 passengers on an Air China flight from Beijing to New York had to return to the capital on August 29, despite being more than three hours into the flight. ...

  9. Business - Money

    Market Open:Hong Kong stocks seen to open higher on A share optimism

    Posted Oct 08th 2012, 08:13am by Jeanny Yu

    ... per cent, to end at 5,871.02. Hot Stocks of the Day: Air China (0753.HK), China Eastern Airlines (0670.HK), China Southern Airlines (1055.HK) The country's 119 major scenic spots received ... is that regulators are likely to introduce targeted, efficient policies to shore up A shares after the (Golden Week) holiday," said Linus Yip, strategist at First Shanghai Securities. China Securities ...

  10. News - Hong Kong - COURTS

    Top court hears Cathay dispute over attendants' holiday pay

    Posted Sep 07th 2012, 12:00am by Austin Chiu

    ... - which attendants earn in the air and waiting for flights - are variables and should be excluded from the calculation. The dispute stems from claims lodged in the Labour Tribunal about four years ...




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