China’s first private charter airline Juneyao Air has been cleared for a Shanghai IPO on April 22 by the China Securities Regulatory Commission.
Chinese carriers have maintained rapid growth especially in international flight operations in Q1 of 2015 CAAC reports.
China Southern Airlines will expand its fleet in Hainan to more than 40 aircraft and have fixed assets of RMB18 billion by 2020.
Spring Airlines is partnering with four major tech companies, including Tencent, Tempus Global and CIIC, to be the first connected Chinese carrier.
Air China has denied rumours it is buying into South Africa Airways while confirming that it is forming a partnership with SAA.
The huge dip in international crude prices helped lower operational costs and contribute to healthy bottom-lines for China’s carriers.
SAA, Air China and Hainan Airlines are discussing a partnership to build an African aviation hub and possibily take equity in the struggling South African carrier.
Hainan Airlines plans to make a private offering of 6.593 billion shares at a minimum of RMB3.64 per share to raise up to RMB24 billion.
