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Cargo airline will receive cash injection
Shanghai Airlines plans to increase investment in its cargo subsidiary, which is under pressure as the financial crisis has hit the air cargo business, but made it clear that it is not related to its merger with China Eastern Airlines, Shanghai Daily reported, citing analysts.
Dragonair is to launch a new HK-Guangzhou service
Dragonair today announced that it will launch a new service to Guangzhou, the provincial capital of Guangdong and the biggest city in the fast-growing Pearl River Delta region, on September 14.
China's intensive tax rebates facilitate exports, restructuring
China has raised export tax rebates on some commodities seven times since the second half of last year, involving over 8,000 types of goods - about half of the total number of export goods, People's Daily reported, citing industry sources.
C. Eastern confirms merger plan with Shanghai Airlines
China Eastern Airlines, one of three major carriers in the country, confirmed that it plans to merge with smaller rival Shanghai Airlines.
Shenzhen Airlines eyes listing, forecasts profit
Shenzhen Airlines, the fifth largest airline on the mainland, was confident of making a profit this year despite the economic downturn, the SCMP newspaper reported, citing a top official.
Finnair reports dip in May cargo traffic
Finnair has reported that its May cargo traffic decreased by 28 percent in terms of cargo tonnes carried, versus the same period a year earlier.
Tianjin Airlines' rebirth eyes Asia's biggest carrier status
Hainan Airlines Co and its parent teamed up with the Tianjin government to inaugurate Tianjin Airlines yesterday in a move aimed at creating Asia's biggest regional carrier.
IATA names new chairman
The International Air Transport Association (IATA) announced that Cathay Pacific Airways CEO Tony Tyler started his one-year term as the Chairman of the IATA Board of Governors, succeeding Samer Majali, CEO of Royal Jordanian Airlines, who served as Chairman from June 2008.
Korean Air says bottom hit in cargo demand
Korean Air, the world's largest air cargo carrier, said on Sunday that cargo demand had hit bottom, but there would not be a recovery until U.S. consumers resumed buying Asian goods.
JAL to hike cargo fuel surcharge for July 2009
Japan Airlines (JAL) has applied to the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to revise from July 1, 2009, its international cargo fuel surcharge for flights departing from Japan only.
C. Eastern, Shanghai Airlines to merge
The consolidation of China Eastern Airlines and Shanghai Airlines has started, a move that will give China Eastern a 50 percent market share in Shanghai, a senior executive at Shanghai Airlines said.
Evergreen, China Shipping ink new co-operation deal
Evergreen Line and China Shipping Container Lines said they have agreed to cooperate on their Asia-Europe, Asia-Mexico-US East Coast and Asia-US West Coast services commencing June, 2009.
Tax-back plan for Shanghai's Yangshan port
The government will encourage Yangshan Deep-water Port to become a transaction hub for domestic shipping lines.
C. Southern set to fly out of the financial crisis
GUANGZHOU, June 4 (GCTL) - China Southern Airlines looks set to be the first mainland carrier to fly out of the financial turbulence after getting a capital injection of 3 billion yuan (US$439.02 million) from the government, China Daily reported, citing a company official.
China aviation makes US$260.8 million quarterly profit
CHINA's airline gained a profit of CNY1.78 billion (US$260.8 million) from CNY45.6 billion revenue in the first quarter.
Airfreight demand decline slows, but no recovery in sight, says IATA
According to international traffic data released by the International Air Transport Association (IATA), air cargo demand dropped 21.7% in April compared with April 2008. However, IATA says that airfreight demand appears to have found a solid floor with a fifth consecutive month at more than 20% below previous year levels.
Yangtze River Express launches cargo service to Dallas (DFW)
Yangtze River Express will launch a new service between Shanghai and Dallas Fort Worth International Airport (DFW) International Airport on May 22nd.
China Eastern Airlines suspends Shanghai-London service
China Eastern Airlines has suspended its Shanghai-to-London because of "poor operational performance".
Shanghai Airlines tries to survive the current difficult time
Shanghai Airlines is expected to reduce capacity in its unprofitable cargo operation and expand into the South China market by establishing a second domestic base at Fushan in Guangdong Province for its subsidiary China United Airlines as it seeks to return to profit after losing CNY1.25 billion ($182.8 million) in 2008
China Eastern likely to get another CNY2 billion from Beijing
China Eastern Airlines is expected to receive a further CNY2 billion ($294 million) capital injection from the Chinese government to help the struggling carrier survive.
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Thursday, June 29, 2017 4:03 AM