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| Saturday, August 30, 2008 06:14:46 |
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September 24,2007
The fate of China Eastern Airlines is hanging in the balance as a takeover battle involving Singapore Airlines, Air China and Cathay Pacific intensifies. In a timely article penned days before the latter airlines entered the fray, Dai Qian of the China Business News looked at consolidation pressure in China’s aviation sector
September 24,2007
September 21,2007
June 28,2007
Air New Zealand will run code-sharing flights with Air China from July 1 in an effort to tap the thriving Chinese market ahead of the 2008 Olympics, the Shanghai Business Journal reported. The Kiwi carrier said Air China will code-share on flights between Shanghai and New Zealand’s largest city Auckland, plus some flights connecting New Zealand and its neighbor Australia. The Kiwi carrier will code-share on Air China’s flights between Chinese and Australian cities. Shanghai is currently the only Chinese city connected directly to New Zealand. To keep up with surging demand, Air New Zealand will extend its air services to Shanghai from three to five flights per week starting in October.
June 07,2007
Property watchdog targets 3 developers China Eastern Airlines approves 24% stake sale Shanghai geared up for precious metal futures May 31,2007
Asian stocks follow China’s slump World Bank raises China growth estimate Possible US$930 million offer for China Eastern May 28,2007
Coal trading system another step to pricing reforms Bonds fall while stock indices rise Tax clarification on second-hand houses March 20,2007
Flag carrier Air China Ltd. said on Tuesday it would set aside over US$2 billion in 2007, mainly to buy Boeing and Airbus jets, as executives said they hoped Beijing would inject cash into an ailing aviation sector, Reuters reported. March 09,2007
Recent reports suggest that China's three state-owned airlines, Air China, China Southern Airlines, and China Eastern Airlines, may merge to form a holdings corporation that will replace their separate operations. This could serve as the first move towards a reorganization of the civil aviation sector. Is China ready for such a move?
February 28,2007
Air China and Qunar.com announced in a statement today a comprehensive marketing and distribution agreement. Air China, China's leading domestic and international airline, agreed to provide travel search engine Qunar.com a comprehensive list of flight information, availability and prices, to be marketed to travelers in China via Qunar.com. |
Established in 2002, Air China is the biggest carrier air passenger, air cargo and airline related services in China. Primarily based in Beijing, Air China Limited has a network of domestic and international routes serving 70 domestic and 36 international destinations. The Company operates in segments of airline operations, engineering services, airport terminal services, air catering services and other airline-related services.
Air China has total assets of RMB 51.74 billion, 23000 employees and handling capacity of 5.17 billion tons. Air China had revenues rose 14 percent to 38.29 billion yuan in 2005 but net income only rose 1 percent to 2.41 billion yuan. Although passenger division, cargo and airline operations have generated higher sales, net income remained low because of rising oil prices, higher employee compensation costs as well as higher aircraft and engine operating lease expenses.Today’s Daily Briefs E-Mail
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