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Air China is the flag carrier and one of the major airlines of the People's Republic of China. Based in Beijing it is one of the world’s largest airlines in terms of fleet size.
- Cathay Pacific received applications for 3.43 billion shares compared to the 2.5 billion shares on offer
- Discount to buy new shares at HK$4.68 narrowed as Cathay Pacific’s share price continued to slide since the rescue plan was first announced in June
Cathay Pacific may have won the approval for its HK$39 billion rescue plan. As a third wave of Covid-19 cases hits the city, investors only need to look at Singapore Airlines to know that more pain is in store.
Cathay Pacific may have won the approval for its HK$39 billion rescue plan. As a third wave of Covid-19 cases hits the city, investors only need to look at Singapore Airlines to know that more pain is in store.
Hong Kong's flag carrier stitched together a bailout plan in time to avert a collapse and ensure the city's future as an aviation and financial hub.
Hong Kong's flag carrier stitched together a bailout plan in time to avert a collapse and ensure the city's future as an aviation and financial hub.
Cash-strapped Hong Kong Airlines is asking the city’s government to consider supporting other local carriers after its decision to bail out Cathay Pacific Airways.
Cash-strapped Hong Kong Airlines is asking the city’s government to consider supporting other local carriers after its decision to bail out Cathay Pacific Airways.
The reciprocal moves reflect the horse trading that two world’s two largest economies have to engage in, as they each struggle to restore growth amid the worst slump created by the coronavirus pandemic.
The reciprocal moves reflect the horse trading that two world’s two largest economies have to engage in, as they each struggle to restore growth amid the worst slump created by the coronavirus pandemic.
With Cathay controlling more than half of passenger traffic and carrying nearly two-fifths of cargo in Hong Kong, officials view the airline’s possible collapse as a fundamental threat to the city’s aviation sector.
With Cathay controlling more than half of passenger traffic and carrying nearly two-fifths of cargo in Hong Kong, officials view the airline’s possible collapse as a fundamental threat to the city’s aviation sector.
The aviation industry, which is expected to lose US$314 billion in revenue this year, is picking up, leading to big run-ups in airline stocks in the Asia-Pacific region this week.
The aviation industry, which is expected to lose US$314 billion in revenue this year, is picking up, leading to big run-ups in airline stocks in the Asia-Pacific region this week.
Chinese authorities say American and other foreign carriers can fly into the country from next week, after US announced that passenger flights from China would be banned from June 16.
Chinese authorities say American and other foreign carriers can fly into the country from next week, after US announced that passenger flights from China would be banned from June 16.
The tit-for-tat retaliation underscores the fight for market share in one of the most lucrative routes of what remains in global aviation, in an industry that needs an estimated US$200 billion in aid to pull through its worst slump in history.
The tit-for-tat retaliation underscores the fight for market share in one of the most lucrative routes of what remains in global aviation, in an industry that needs an estimated US$200 billion in aid to pull through its worst slump in history.
Flights from Houston to Tianjin on Sunday and Washington to Shenzhen on Thursday given green light, Chinese diplomatic missions in US say.
Flights from Houston to Tianjin on Sunday and Washington to Shenzhen on Thursday given green light, Chinese diplomatic missions in US say.
The potent rebound in Chinese airport operators is captivating investors and analysts who are betting on a quick turnaround from the catastrophic shutdown of the aviation industry this year.
The potent rebound in Chinese airport operators is captivating investors and analysts who are betting on a quick turnaround from the catastrophic shutdown of the aviation industry this year.
Transport department says US carriers are being denied the right to compete on equal basis with Chinese counterparts.
Transport department says US carriers are being denied the right to compete on equal basis with Chinese counterparts.
It highlights the biggest challenge to re-establishing international travel; there’s little agreement on what could limit the risk of spreading Covid-19 across borders.
It highlights the biggest challenge to re-establishing international travel; there’s little agreement on what could limit the risk of spreading Covid-19 across borders.
Airlines have a long way to go to recover air traffic especially in international routes, while China’s recovery is seen accelerated by business trips and cargo flights.
Airlines have a long way to go to recover air traffic especially in international routes, while China’s recovery is seen accelerated by business trips and cargo flights.
China’s biggest airlines have become among the top picks at some of the nation’s largest brokerages as they trade below book values, a historical turning point in market valuation.
China’s biggest airlines have become among the top picks at some of the nation’s largest brokerages as they trade below book values, a historical turning point in market valuation.
Stocks listed on mainland Chinese exchanges rose on the last trading day of April, with the Shanghai Composite Index gaining 4 per cent for the month in a welcome change from March’s declines.
Stocks listed on mainland Chinese exchanges rose on the last trading day of April, with the Shanghai Composite Index gaining 4 per cent for the month in a welcome change from March’s declines.
China’s three largest airlines posted their biggest slide in earnings since the global financial crisis, in a foretaste of the industry slump caused by the coronavirus pandemic.
China’s three largest airlines posted their biggest slide in earnings since the global financial crisis, in a foretaste of the industry slump caused by the coronavirus pandemic.
The collapse of Virgin Australia has put its rescue in doubt as a speculated bailout by Chinese investors could fizzle out amid troubles at home and tightening scrutiny by state authorities.
The collapse of Virgin Australia has put its rescue in doubt as a speculated bailout by Chinese investors could fizzle out amid troubles at home and tightening scrutiny by state authorities.
The recovery in air travel, underpinned by an easing coronavirus outbreak in mainland China, is welcomed news for an industry that has suffered US$5.6 billion in first-quarter losses as air passenger traffic shrank.
The recovery in air travel, underpinned by an easing coronavirus outbreak in mainland China, is welcomed news for an industry that has suffered US$5.6 billion in first-quarter losses as air passenger traffic shrank.
China’s aviation industry suffered losses worth 39.82 billion yuan (US$5.6 billion) in the first quarter, regulators said. Activity may linger at a low level despite early signs of recovery.
China’s aviation industry suffered losses worth 39.82 billion yuan (US$5.6 billion) in the first quarter, regulators said. Activity may linger at a low level despite early signs of recovery.
According to Altman, scores of 1.8 or below indicate a risk of bankruptcy and scores over 3 suggest sound footing.
According to Altman, scores of 1.8 or below indicate a risk of bankruptcy and scores over 3 suggest sound footing.
From Sunday, Chinese airlines will be allowed to fly just one weekly route to one city per country, operating it at no more than 75 per cent capacity.
From Sunday, Chinese airlines will be allowed to fly just one weekly route to one city per country, operating it at no more than 75 per cent capacity.
Average prices of tickets rose by about 150 per cent on March 15 because of insufficient supply caused by large scale and even complete suspensions by airlines globally.
Average prices of tickets rose by about 150 per cent on March 15 because of insufficient supply caused by large scale and even complete suspensions by airlines globally.
Company executives say an early rebound in domestic travel booking points to a ‘quick and strong’ recovery even as they expect first-quarter revenue to sink.
Company executives say an early rebound in domestic travel booking points to a ‘quick and strong’ recovery even as they expect first-quarter revenue to sink.
Pandemic is likely to reshape the industry, with many airlines failing, others consolidating and entirely new groupings emerging, says IATA’s Alexandre de Juniac.
Pandemic is likely to reshape the industry, with many airlines failing, others consolidating and entirely new groupings emerging, says IATA’s Alexandre de Juniac.
Chinese airlines posted their biggest ever revenue loss in February as passenger volumes plunged 84.5 per cent from a year earlier due to the coronavirus.
Chinese airlines posted their biggest ever revenue loss in February as passenger volumes plunged 84.5 per cent from a year earlier due to the coronavirus.
“We are positive on buying China airlines at this time … If you expect they will recover in May and wait to buy in May, then it is too late,” said Daiwa Capital Markets analyst Kelvin Lau.
“We are positive on buying China airlines at this time … If you expect they will recover in May and wait to buy in May, then it is too late,” said Daiwa Capital Markets analyst Kelvin Lau.