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  • July 23, 2014
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  1. Business - China Business - AVIATION

    Weak passenger revenues could offset fuel cost savings at Big Three airlines

    Posted Mar 21st 2014, 10:47am by Charlotte So

    ... and business-class tickets. Net profit at Beijing-based Air China, which will announce its results on Tuesday, could slip 3 per cent to 4.47 billion yuan (HK$5.6 billion), while Guangzhou-based China Southern could report a 36 per cent slump to 2.35 billion yuan on Friday, according to the consensus of analysts polled by Bloomberg. However, Shanghai-based China Eastern is expected to post ...

    http://www.scmp.com/business/china-business/article/1453832/weak-passenger-revenues-could-offset-fuel-cost-savings-big
  2. Business - China Business - AVIATION

    China Eastern kept in profit by yuan gains

    Posted Aug 31st 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com China Eastern kept in profit by yuan gains A handsome foreign exchange gain of 1.17 billion yuan (HK$1.47 billion) has kept China Eastern Airlines in the black, even though weaker cargo demand and discounted air fares squeezed the carrier's net profit down 28.2 per cent to 622 million yuan in the first half of the year. The mainland's ...

    http://www.scmp.com/business/china-business/article/1300818/china-eastern-kept-profit-yuan-gains
  3. News - China Insider - AVIATION

    Air China faces heat for allegedly sneaking Red Cross official past closed boarding gate

    Posted Apr 10th 2014, 05:39pm by Amy Li

    ... the charity stirred controversy when it redirected some 80 million yuan (HK$100 million) donated by Chinese artists to other projects without the donors’ permission. The money was meant for an art ...

    http://www.scmp.com/news/china-insider/article/1473337/air-china-faces-heat-sneaking-red-cross-official-past-closed
  4. Business - China Business - AVIATION

    Shanghai urged to relax offshore finance

    Posted Nov 25th 2013, 03:52am by Charlotte So

    ... restrictions on offshore financing in the free-trade zone. The initiative would facilitate the city in becoming an Asian aircraft finance hub, with the yuan establishing itself as a major settling ... in the 1990s as it wanted to promote the city state as an aviation financial hub. Meanwhile, overseas investors are looking for yuan investment products, banking on the appreciation in the currency. ...

    http://www.scmp.com/business/china-business/article/1364826/shanghai-urged-relax-offshore-finance
  5. 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 ...

    http://www.scmp.com/business/companies/article/1068303/air-china-scraps-1b-yuan-share-sale
  6. Business - China Business - AVIATION

    China clears way for global travel networks

    Posted Jan 13th 2014, 12:27am by Denise Tsang

    ... in transactions to 94 billion yuan (HK$120 billion) in 2012. The number of Chinese outbound travellers jumped about 17 per cent to 97 million last year, the China Daily reported last week, citing data ... of space ready by 2016, costs 3.65 billion yuan. TravelSky shares closed 2.97 per cent higher at HK$7.62 on Friday, compared with their issued price of HK$1.339 in 2001. The company's net ...

    http://www.scmp.com/business/china-business/article/1404267/china-clears-way-global-travel-networks
  7. News - China - AVIATION

    Despite initial glitches, Shenzhen’s new air terminal may be a delta game changer

    Posted Dec 30th 2013, 09:12am by He Huifeng

    ... if flights are available. Designed by Italian architects Massimiliano and Doriana Fuksas in the shape of a manta ray, the 8.6 billion yuan (HK$10.9 billion) terminal, with 200 check-in counters, 200 ... passengers.” One Dongguan traveller said the he used to go to Hong Kong to fly to Thailand. “Now I will choose Shenzhen Airport as long as the ticket costs no more than 500 yuan more than Hong Kong ...

    http://www.scmp.com/news/china/article/1392974/despite-initial-glitches-shenzhens-new-air-terminal-may-be-game-changer
  8. Business - Companies - AVIATION

    Airlines urged to use bonds to fund purchases

    Posted Nov 16th 2013, 03:11am by Charlotte So

    ... In Asia-Pacific, airlines were overly reliant on banks and export credits, Martin said, with the practice creating long-term budget pressures. BOC Aviation priced its first offshore yuan bond this week. The five-year unsecured notes of 1 billion yuan (HK$1.2 billion) carry a 4.5 per cent coupon rate. ...

    http://www.scmp.com/business/companies/article/1357296/airlines-urged-use-bonds-fund-purchases
  9. Business - China Business - AVIATION

    Low-cost carriers set for fresh take-off in China

    Posted Nov 07th 2013, 03:09am by Charlotte So

    ... the lucrative direct route across the strait to Taipei and Kaohsiung from Shanghai. It was fined 200,000 yuan (HK$254,000) for offering 1 yuan tickets on its website in 2006. For years, Spring Air has ...

    http://www.scmp.com/business/china-business/article/1349359/low-cost-carriers-set-fresh-take-china
  10. Business - China Business - AVIATION

    Air China says domestic routes showing signs of a rebound

    Posted Aug 30th 2013, 12:00am by Charlotte So

    ... among the big three airlines that managed to break even in its core business in the first half, analysts said. China Southern Airlines posted 344 million yuan in net profit, helped by a handsome 1.5 billion yuan exchange gain but translating to a 1.2 billion yuan loss in its underlying business. China Eastern Airlines will report today. Air China has turned the corner with narrower ...

    http://www.scmp.com/business/china-business/article/1300474/air-china-says-domestic-routes-showing-signs-rebound

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