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Chinese airlines resort to short-term debt for lifeline

Chinese airlines resort to short-term debt for lifeline

China’s three largest airlines have raised an unprecedented 90.5 billion yuan in short-term bonds since the outbreak of coronavirus.

06/01/2020|4:19:07 PM|SCMP
Singapore, China eye mutual restart to business travel

Singapore, China eye mutual restart to business travel

To help the plan, Singapore and China are looking to enhance commercial civil aviation links.

06/01/2020|4:15:06 PM|GGR Asia
China’s domestic travel breaks 50% barrier

China’s domestic travel breaks 50% barrier

There is potential for further recovery when restrictions are removed.

06/01/2020|4:12:48 PM|TTR Weekly
Didi starts international travel agency; Trip.com faces more challenges | Weekly Review

Didi starts international travel agency; Trip.com faces more challenges | Weekly Review

The worse is yet to come as Trip.com Group projected net revenue to drop by 67%-77% in Q2; TravelSky sells a stake in its consumer-facing app to China Southern Airlines.

06/01/2020|10:59:28 AM|ChinaTravelNews
Tuniu appoints financial controller; Chinese airlines on track for recovery | Daily Brief

Tuniu appoints financial controller; Chinese airlines on track for recovery | Daily Brief

Trip.com Group posted a 62% drop in accommodation and a 29% decrease in transportation; Global travel disruptions are the top concern for American businesses in China.

05/30/2020|2:37:22 PM|ChinaTravelNews
Chinese OTA giant faces tougher challenges in second quarter

Chinese OTA giant faces tougher challenges in second quarter

International transportation accounts for 50% of Trip.com Group's total transportation revenue, so transportation will be more vulnerable to the COVID-19 impact than hotels will.

05/30/2020|11:55:21 AM|ChinaTravelNews
China's domestic air travel surpasses 50% of pre-COVID-19

China's domestic air travel surpasses 50% of pre-COVID-19

Throughout March and April, air travel continued to pick up slowly until it received a fillip from the Labor Day holiday at the start of May.

05/29/2020|2:26:52 PM|Eturbonews
China to allow charter flights from eight countries but not from U.S.

China to allow charter flights from eight countries but not from U.S.

CAAC is allowing domestic and foreign airlines to apply for “green channels” for chartered flights to China.

05/29/2020|2:19:44 PM|Japan Times
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