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  • November 25, 2014
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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. Air China, Cathay set for cargo tie-up

    Posted Mar 20th 2007, 12:00am by Charlotte So

    ... CHARLOTTE SO Updated at 3.00pm: Air China would set up an air cargo joint venture with Cathay Pacific Airways in Shanghai by the end of this year, chairman Li Jiaxiang said at a press conference on Tuesday. He ruled out the possibility of merging the cargo unit of Air China with China Eastern Airlines in the near term. 'The top priority this year is to get the JV with Cathay ...

  5. Air China buys 20 aircraft to boost capacity

    Posted Jun 27th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Air China says it will buy 20 Airbus 330 aircraft that carry a list price of US$3.82 billion. The aircraft, which will be bought at an undisclosed discount, are expected ... with cash, commercial bank loans and other debt instruments. Shares in Air China closed unchanged at HK$4.16 yesterday before the deal was announced. ...

  6. Air China seeks 2b yuan from short-term bonds

    Posted Aug 25th 2006, 12:00am by Staff Reporter

    ... Amy Gu Proceeds will be used to strengthen cash flow, operating capital and to cut debt Air China, the nation's biggest international airline, plans to raise two billion yuan ... Proceeds from the sale will be used to strengthen the company's cash flow and operating capital as well as reducing debt. Air China raised 4.6 billion yuan from the listing in Shanghai earlier ...

  7. 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 ...

  8. 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 ...

  9. Air China plans cargo venture with Cathay

    Posted Mar 21st 2007, 12:00am by Charlotte So

    ... Charlotte So Air China will set up an air cargo joint venture with Cathay Pacific Airways in Shanghai by the end of this year to increase its market share in the lucrative market, chairman ... half and incorporation could be completed in the second half. Air China, whose shares fell yesterday after the company reported a less than expected 11.7 per cent gain in net profit to 2.69 ...

  10. Air China tipped to post 53.8pc surge in profit

    Posted Mar 15th 2008, 12:00am by Charlotte So

    ... Air China, the most profitable mainland airline, is expected to post more than a 50 per cent increase in net profit for last year due to better than expected contributions from Cathay ... profit at Cathay Pacific Airways, 17.5 per cent owned by Air China, was 20 per cent above the market consensus. However, not all analysts have raised their forecasts for Air China. 'Yuan ...




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