China’s domestic carriers achieved an average on-time flight rate of 81.94% in October, 11.04 percentage points higher than the same time last year.
Grand China Air has confirmed it signed an acquisition agreement for a 4.89% stake in Hainan Airlines held by Hainan Development Holdings.
China Eastern will become the first Chinese carrier to offer commercial inflight internet service on long-haul international flights as it partners with China Telecom.
Spring Airlines saw 13% increase in revenue in the first three quarters of this year, to RMB6.325 billion, and net profit attributable to shareholders skyrocketed 83% to RMB1.202 billion. Basic earnings per share were RMB3.09.
China signed an order with Airbus worth US$9.7 billion for 100 A320 aircraft during the talks between German Chancellor Angela Merkel and Chinese Premier Li Keqiang.
Spring Airlines will invest over 20 billion yen in a joint venture with Sun Frontier to develop a network of the “Spring Sunny Hotels” in popular Japanese destinations.
Air China announced the launch of two new routes to Africa– Beijing-Johannesburg inaugurating on October 29 and Beijing-Addis Abba launching on November 2.
TravelDaily China led a delegation of Ctrip, Alitrip, Yiqifei and JointWisdom to spak at the ITB Asia conference.
